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Responsibility In Determining Person Legal Status

Question: 
Where does the responsibility stop for banks in determining a person's legal status? We know by looking at the SS Card its a fake but yet on Chex Systems and Credit Reports the SSN and Name of customer match up. How do we deny a person based on a fake ID when they've gotten away with it for so long? Do we have the obligation to police the legal status of a customer?
Answer: 

You have no responsibility to determine a customer's immigration status or report the fact that he or she may be in the country illegally. That has no bearing on your need to respond to what you know to be the fraudulent use of identification or a U.S. taxpayer identification number.

First published on BankersOnline.com 4/22/13

First published on 04/22/2013

Filed under: 
Compliance
Filed under compliance as: 
ID
IT
SSN

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