09/18/2006
We are a little confused on the latest requirements regarding getting a second ID for existing customers. If an existing customer has a CD with us and comes in to change the term, are we required to get two forms of ID? (Our new accounts department is getting overwhelmed.)
08/01/2005
ING Direct, Washington, D.C.
07/01/2005
Question: Is a store which provides an ATM for its customers considered a Money Services Business?
07/01/2005
ING Direct, Washington, D.C.
05/16/2005
Regarding FinCen 314 (a) requests. If we have a system that is able to keep a database of all FinCen inquiries and scan new accounts to that list, is that allowed? Or are we supposed to just scan our current clientele and not worry about any new accounts after the check date?
04/18/2005
Do we need to have an actual risk assessment for CIP and if so, where can I find a sample to be used for guidance?
04/01/2005
- The new nickel has the right side of Thomas Jefferson's face. The old one had his left side featured. The written word "liberty" on the coin is actually a copy of Jefferson's handwritingU.S.
01/17/2005
The only procedures we have in place for background information on new hires is to pull a credit report and verify references.Can you please share with me some other sources/avenues that you would use in doing background checks on employees?
01/01/2005
by David P. McGuinn, President, Safe Deposit Specialists
12/06/2004
I have some questions regarding exempting customers. When you are initially exempting a person, what kind of documentation should be put in a file for the auditor's review, and would I use the same documentation for the biennial review?