Banking Regulations Compliance | Beneficial Owner Notice

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