Beneficial Owner Lobby Notice and Desk Tent

We have been asked by several clients whether the new Beneficial Ownership rule has a customer notification requirement, similar to the current CIP Notice.  While there is NO requirement to provide customers a notice, many banks feel it would be “beneficial” (pun intended) to notify effected Legal Entity customers.

We greatly value our clients and are always looking for ways to help.  So, we are pleased to announce that we have developed an “optional” Beneficial Ownership lobby notice and desk tent.  Even better, they are available for FREE on our website.  You will also find the CIP Notice that we developed back in 2003 when the Customer Identification Program was introduced.

As always, our mission is to delight you and help you with your compliance needs so that you can get back to serving your customer!

Published
2017/05/03
Deb Irving

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.

Recent Posts

Flood: Relying on A Prior Flood Determination

Knowing Your Customer When Banking Marijuana & Hemp

CFPB Overdraft Proposal