Mar 06
Memos to Help Locations Open or Change Bank Accounts

‚ÄčTo assist locations in responding to issues that may arise when changing signatories on bank accounts or opening new accounts, the Office of Financial Services and the Office of Legal Counsel have prepared two memoranda.  The memorandum entitled:  Account Holder Information for Customer Due Diligence Requirements for Financial Institutions may be provided to bank staff for an explanation of the applicable rules.  Locations should refer to the memorandum entitled:  Frequently Asked Questions Regarding New Banking Regulations and Account Requirements for additional guidance.


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