Answer:
It sounds like you've been told to obtain a certification of board (or other governing body) resolutions appointing the authorized signers for business accounts. For corporations, the governing body is typically a board of directors; for some non-profit organizations and corporations, it's a board of trustees; for parterships, it's a vote of the partners or of managing partners; and so on. The certification is normally signed by the secretary (or clerk) of the governing body.
It's not a compliance requirement unless your bank's CIP requires such a document as part of its identification verification program. It is a best practice designed to identify who has been given authority to act on the business's behalf.
First published on BankersOnline.com 11/05/12
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