Are there any situations where we might need to be cognizant of large cash transactions other than deposits or withdrawals?
We have some mismatches with our Hispanic names. What should we do?
Why are our sole proprietorships not matching the IRS file?
It looks like "a bank must provide a potential customer written disclosure of its availability policy prior to opening an account and prior to accepting a deposit if the account has not yet been opened." I wonder when an account is considered "open." For instance, we do not take a paper application in conjunction with opening a deposit/savings accounts. We just explain to the potential customer what checking and or savings products we offer and give them brochures. Then we get personal information about them, and help them pick the deposit product they want. We provide disclosures, and accept a deposit to fund the account.
Is this acceptable?
If there is an SSN that is labeled “For Work Purposes” is that person automatically a nonresident alien for IRS purposes?
Is “de la” part of the last name for tax reporting purposes?
What bank regulation is it that requires them to develop a list of high risk customers? OFAC?
How far along should we be in the process of implementing the new CDD rule?
Do we have to put an exemption code for a customer on the W-9?
When you exempt a customer from BSA reporting, can you exempt all their transaction accounts even though only one is showing routine reportable activity?