To: jackbenimble
According to Michael Frias, a spokesman for the FDIC, “Banks aren’t legally required to verify legal status. There is no federal law which requires banks to verify the immigration status of foreign account holders.” My bank's compliance officer laughed his butt off when I read that to him, then rattled off a list of laws and regulations that contradict this idiot.
15 posted on
08/03/2005 7:04:36 AM PDT by
RebelBanker
(To crush your enemies, see them driven before you, and to hear the lamentation of the women!)
To: RebelBanker
My bank's compliance officer laughed his butt off when I read that to him, then rattled off a list of laws and regulations that contradict this idiot If your bank is a national one, I want to do business with them.
Any bank walking the line is OK by me.
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