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#1117050 - 01/26/09 04:01 PM Mexican Matricula Consular Card for CTR
Blue4Golf Offline
Junior Member
Joined: Nov 2008
Posts: 29
We have a customer who opened an account with us in 2003 before our current CIP procedures were in place. He opened the account with an ITIN and a Matricula Consular card.

Last week he had multiple transactions that put him over the $10,000 threshold. We have found out that the only identification that he has is his Matricula Consular card (no driver's license).

Does anyone know if there is anything wrong with filing a CTR using this card as identification?

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#1117139 - 01/26/09 05:07 PM Re: Mexican Matricula Consular Card for CTR Blue4Golf
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Quote:
Acceptable forms of identification include
driver’s license, military and military/dependent
identification cards, passport, state issued identification
card, cedular card (foreign), non-resident alien
identification cards, or any other identification document
or documents, which contain name and preferably
address and a photograph and are normally acceptable
by financial institutions as a means of identification when
cashing checks for persons other than established
customers.


That's the description of acceptable ID forms from the FinCEN Form 104 (CTR). If your bank accepts a Matricula card for check cashing, it should be acceptable for item 14 on Form 104, since it meets that description.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#1117174 - 01/26/09 05:31 PM Re: Mexican Matricula Consular Card for CTR John Burnett
Blue4Golf Offline
Junior Member
Joined: Nov 2008
Posts: 29
Thanks for the response John. Our CIP procedures don't allow for the cards when opening an account and our teller procedures don't specifically address the cards but tellers do allow for them when cashing on-us checks.

It looks like I need to update our written teller procedures.

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