AML Question

A peer asks that we ask you this simple AML question. Please hit reply and send in your answer. Thanks, Carl

Do you make a copy of new client's driver's license (or other government issued Identification document) to keep in the client file or do you simply take down the number?

Carl Ayers
Publisher, IA Watch
Two Washingtonian Center
9737 Washingtonian Blvd., Suite 502
Gaithersburg, MD 20878
Link to me via LinkedIN
301-287-2435
Fax: 301-287-2121
http://www.iawatch.com/carlayers
cayers@iawatch.com
iawatch.com
Our YouTube Channel: www.iawatch.com/youtube

Comments

  • Copy

    - Skip Schweiss

    On Sep 1, 2016, at 2:24 PM, Carl Ayers wrote:

    A peer asks that we ask you this simple AML question. Please hit reply and send in your answer. Thanks, Carl

    Do you make a copy of new client
  • We make a copy.

    Sent from my iPhone

    On Sep 1, 2016, at 4:24 PM, Carl Ayers wrote:

    A peer asks that we ask you this simple AML question. Please hit reply and send in your answer. Thanks, Carl

    Do you make a copy of new client
  • We make a copy.

    Nancy

  • We maintain a copy and track the expiration date in our database.

    Don

    Donald E. Hodson, EA, RFC
    Partner, Chief Compliance Officer

    [cid:image001.png@01D2046D.CEC52A60]



  • We make a copy as well.

    Sarah Miller


  • No copies, no scans. Just write down information when necessary.

  • Either advisor or client will a take a picture of their driver's license/passport from their phone and email/upload to their client portal (if existing client). We save the Gov't id as a PDF to the client's folder in our document management system. Record the expiration date of the ID in our CRM. Run a report quarterly from the CRM for any expired IDs and contact the client to send us a new color scan/jpeg of their renewed Gov't id.



    Denise Evans, Esq.
    Chief Compliance Officer
    Stonnington Group, LLC
    21031 Ventura Boulevard, Suite 1201
    Woodland Hills, CA 91364

    * Main: (818) 444-0600
    * Direct: (818) 444-0601
  • We always make a copy of the license as our new clients always come into our offices at least once and it eliminates the possibility of writing the incorrect number.

    Fred Blum


  • We make a copy. We also request an updated copy, if expired, when anything changes on the account.

    Best regards,

    Lori L. Duquette
    Chief Compliance Officer
    [WG_FinancialGIF]
    15525 Sand Canyon
    Irvine, CA 92618
    Direct (949) 885-2343
    Fax (949) 809-6343
    lduquette@wga.com

  • Make a copy

    Audrey Wheeler



    Audrey Wheeler
    Chief Compliance Officer
    216-912-0558 Direct
    216-912-1461 Fax
    aharris@mcdonald-partners.com
    Please note: We have moved! Our new address is below

  • Collect relevant ID information: ID Type, ID#, Issuing Agency, Issue Date, & Expiration Date
    Raymond Ramos
    AML Compliance Officer
    Cetera Financial Group
    200 N. Sepulveda Blvd., Suite 1200
    El Segundo, CA 90245
    Tel: 310.257.7544
    Fax: 877.338.2114
    Raymond.Ramos@cetera.com
    www.cetera.com

  • edited May 2017
    We have a policy of inspecting current driver's license or passport as positive
    ID for AML. Usually images are saved in a secure, encrypted cloud vault.


    Robert E. Frey, CFP
    Lakeside Advisors, Inc.
    KMS Financial Services, Inc.
    1115 East Denny Way
    Seattle, Washington 98122-2427

    206-285-1730
    206-267-2316 (FAX)

    bob@lakesideadvisors.com

    www.lakesideadvisors.com

  • This is a multipart message in MIME format.

  • We make a copy

  • We make a copy for the file.

    Lisa M. Myers, IACCP
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