The Bank Secrecy Act (BSA) imposes strict requirements on banks to know with whom we are doing business, both at account opening and throughout the life of the relationship. Click the tabs below to explore the specific elements of the Capital City Bank Know Your Client Policy.
Tax Identification Number (TIN)
CCB is required to obtain a Tax Identification Number (TIN) from each depositor for each account opened, whether or not that account is interest earning. On the signature card, the TIN is certified to us under penalty of perjury. Associates must make an effort to verify the accuracy of information obtained. The bank must obtain the following information on each owner and signer on an account:- Name
- Physical address
- Date of birth
- TIN
- Photo identification (for face-to-face account openings)
Monitoring Active Accounts
Periodically, the BSA Department monitors and reviews transactions on newly opened accounts to verify that deposit activity is consistent with normal and expected account activity for the type of account. Monitored reports include the following:
- Cash aggregation
- Cash management
- Account analyses
- Demand Deposit Accounts (DDA) activity reports
- Check Kiting Suspect report
Associates are expected to notice account activity that is out of the ordinary for a client. Associates must report to their supervisor if they notice unusual transactions being conducted on an account. An Unusual Activity Referral (UAR) must be submitted to the (BSA) department (electronically or hard copy). Never indicate to a client that activity is being reported to the BSA department.