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"Tackling new projects takes a lot of time and effort. But with cbanc, this is a solution that gives me real work savings. Using the cbanc Network doesn't take up my time, it gives me my time back."

Rich Moldenhauer
Flagship Bank Minnesota

 
 
New Account worksheet for Existing Customer
Contributed by:Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: Midwest
Description: This CIP worksheet is used for existing customers opening new accounts. This includes CIP and BSA information.

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MORE PEER CONTRIBUTED DOCUMENTS:

957 Documents 34 Answers 23 Exam Watches 27 Vendor Reviews

Garnishment worksheet for federal benefits
Asset size: with under $250m
Description: This is a two-per-page form used to quickly and easily calculate federal benefits for garnishment purposes. Includes calculation of look-back period, and tickler for notice to customer.
International Wire Transfer Form
Asset size: with over $1b
Description: This is a standard form for taking information for an international wire transfer. It includes required information such as transaction information, officer approval, payment method, originator and beneficiary fields, etc.
FAS114 Fair Value of Collateral Spreadsheet
Asset size: with under $250m
Description: This Excel spreadsheet is used to determine the Fair Value of Collateral (to meet requirements with FAS114). It is completed for every impaired loan.


RELATED QUESTIONS AND ANSWERS:
Q
Expired ID
Asked by: Manager,‚ Compliance/BSA/Legal
Asset size: Bank with
Location:TX

When opening a new account for an EXISTING customer or renewing a loan for an EXISTING customer do you require your staff to obtain a copy of the driver's license if what you have on file is expired? In my experience, this is an age old question that has no "correct" answer. I need some input to determine what is CDD/EDD and what is unreasonable. Getting lots of push back on this one...
A
Answered by:AVP, ‚ Compliance/BSA/Legal
Asset size: Bank with between $500m - $1b
Location: VA

We do not require staff to obtain a copy of the ID unless the employee does not know the ...
Q
Fully automated/electronic new accounts process?
Asked by: COO,‚ Back Office/Deposit Operations
Asset size: Bank with
Location:PA

Does anyone using Fiserv ITI (Premier) have a fully automated, electronic new accounts process where the CSR only keys information at the new accounts desk, uploads account to host, customer esigns, ability to sign customer up for estatements at the new accounts desk and sends to image archive. If so, can you please share the software/vendors you use.
A
Answered by:VP, ‚ Retail Banking/Branch Operations
Asset size: Bank with over $1b
Location: CA

We use Fiserv Cleartouch which does all you have described....


RELATED EXAM EXPERIENCES:
OCC - Compliance | January 2012
exam experience posted by a Compliance/BSA/Legal from member with under $250m in assets
OFAC'ing of existing customers when a new bank product was obtained
State Regulatory - BSA/AML | February 2014
exam experience posted by a VP‚ Compliance/BSA/Legal from member with between $250m - $500m in assets
Any accounts with only numbers but no name on the account like internal accounts or private bank accounts
FRB - BSA/AML | January 2013
exam experience posted by a SVP‚ Back Office/Deposit Operations from member with between $250m - $500m in assets
That an additional risk assessment matrix should be completed and on file each time there is a decision to change the risk rating on an account.

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