We have a number of Amish people wanting to open accounts with us. Under the required CIP the Amish don't have a government issued or other photo ID because of their religion. What may we use?
I am opening a guardianship account. Do I need IDs from the owner (ward) or just the guardians. I do have the court papers.
When completing a CTR for a custodial account, the father withdrew over $10,000 cash from his minor son's account. If we do Multiple Persons in Section "A" and the minor has no ID, how do we enter?
I have been in banking for awhile and am being told I am making a mountain out of a mole hill. When it comes to DBA accounts, I have one opinion on what purpose/style account should be opened and I am being told by others that I am not correct. There are two differing opinions when we open a DBA account. For example, one opinion is that Mickey Mouse DBA Great Escape Mousetraps should be opened as a personal style account, where at the account maintenance level, the code would indicate consumer for the purpose of household or personal use. The other opinion is one in which it should opened as a business style account, where at the account maintenance level, the code would indicate business for the purpose of business. The reporting tax ID number in both situations would be the customer’s Social Security Number. If I understand correctly, there are different regulations regarding the purpose/style of an account and there are different protections and benefits for each purpose/style. Can you please help as to which purpose/style would be proper? My best interest is doing things the correct way for the both the bank and the customer.
Sally Jo brought in cash to buy a cashier's check for her mother to use to pay for a used car. Mom has an account with us, and Sally Jo doesn't. Since Mom is the remitter of the check, can we go ahead and complete our Cash Purchase of Monetary Instrument record using Mom's ID information?
While cashing a check issued by its customer to a third party, is it mandatory for the paying bank to obtain the Social Security Number of the payee apart from photo ID details? If not, and if the transaction results in filing a CTR, what is the recourse?
When obtaining identification from new account holders, sometimes the address is different than the current address they are giving us. How can we validate that the current address is correct, and what documentation should we expect them to have to support the new address?
Is there a certain sequence for state tax ID numbers? Do they start with a certain number per state/county?
We had a customer present an ID for our CIP (new account) procedure and it was expired. It was still the person opening the new account, but our security officer had a major problem. Why is this a big deal?
Can we give a customer a photo from the bank's surveillance of a person who committed fraud against him?