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Product Update Notification - 06/28/10 Customer Identification Program Policy Template Update Details What's New Topic 10 - Rules for Special Accounts, Persons and Other Entities. Includes the following subtopics: Private Banking Accounts Correspondent Accounts - Domestic Correspondent Accounts - Foreign Bulk Shipments of Currency U.S. Dollar Drafts and Payable Through Accounts Pouch Activities Third Party Payment Processors Brokered Accounts Non-Resident Aliens and Foreign Individuals Politically Exposed Persons Embassy and Foreign Consulate Accounts Non-Bank Financial Institutions Money Service Businesses Professional Service Providers Non-Governmental Organizations and Charities Business Entities Cash Intensive Businesses What's Revised Topic 7 - Minimum Identity Verification Standards. The following subtopics were relocated to new Topic 10 (Rules for Special Accounts, Persons and Other Entities): Private Banking - Entire contents were revised. Correspondent Accounts - Revised, and now broken out into two subtopics (Domestic and Foreign). Rules for Politically Exposed Persons - No changes. Rules for Embassy and Foreign Consulate Accounts - No changes. Rules for Professional Service Provider Accounts - No changes. Rules for Non-Governmental Organization and Charity Accounts - No changes. Rules for Cash Intensive Businesses - No changes. Topic 15 - Audit Policy. Formerly Topic 14, the first paragraph was revised, a new second paragraph was added, and bullet points 1 and 4 were revised. Topic 16 - Staff Training. Formerly Topic 15, the "General" subtopic was completely revised. Ordering Information This product is available to purchase from Bankpolicies.com for: $275.00 - List Price - or - $50.00* - Update Price *Applies only to clients who have purchased the Customer Identification Program Policy Template within the last three years in addition to the following prior updates (if applicable): Customer Identification Program Policy Template Update - 04/05/10 - $25.00 Customer Identification Program Policy Template Update - 09/27/07 - $25.00 If you have ordered this product after 05/28/10 you are eligible to receive the product update at no charge. Click here to place an order for any of these products. The appropriate Legacy Rewards Volume Discount will be applied to the update or list price for clients who are eligible. NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |