Latest Security - USA PATRIOT Act Topics

Questions About Rep. Payee Account and CIP

03/21/2005

A customer came in and opened a savings account for his disabled son. He is the son's representative payee. Due to the USA Patriot Act (CIP) do we need to get ID from the son? How should the account be titled? Is the son the beneficiary? Can we offer a MAC card on this account?

USA PATRIOT Act Creates Confusion in the Safe Deposit Area

01/01/2005

CIP Business Accounts

11/29/2004

Is it a current rule within the USA PATRIOT Act that our CIP require a social security number for non business, non interest bearing accounts? I have read section 326, but it's unclear to me that this proposal was actually passed.

FinCEN Reports on 314(A): Data-Match Searches Proving to be Valuable

10/10/2004

Use of United States-Based Shell Corporations and Foreign Shell Banks by Eastern Europeans to Move Money

08/01/2004

USA PATRIOT Act 314(a) Progress Update (February 2003? May 2004)

11/03/2003

Hawala Investigation

11/01/2003

FAQs from FinCEN Help Line? 314a Process

11/01/2003

Two Forms of ID

10/06/2003

I have recently been informed that a couple of the other large banks in our area are requiring 2 forms of photo ID when opening an account and stating that is due to the requirements of section 326 of the USA Patriot Act. In reading through the Reg. I do not see where that is required. Can you clarify it for me or have I missed something?

USA PATRIOT Act 314(a) Progress Report (February 2003? October 2003)

10/01/2003