Independent Banker - March 2023 - 34

PORTFOLIO
information on all beneficial
" The most recent
ruling focuses on the
beneficial owners.
Nothing in it changes
or negates banks'
responsibilities to
collect, verify and
maintain beneficial
ownership information
on covered legal
entities under the
[new rule]. "
-RHONDA R. WHITLEY, ICBA
owners on an account.
" The new rule maintains the
requirement for banks to collect this
information, but it now requires
beneficial owners of a legal entity
to submit the beneficial ownership
information directly to the secretary
of state or other state office that
regulates businesses at the time
the business is established, "
says Rhonda R. Whitley, vice
president and regulatory counsel
at ICBA. " FinCEN plans to
issue unique identifiers for each
company. When BOI reports
are submitted to FinCEN,
the company can submit the
FinCEN identifier in lieu of other
documentary information. "
Under the most recent FinCEN
rule, companies that are required to
identify beneficial owners must file
BOI reports with FinCEN and must
report at a minimum four pieces
of information about each of its
beneficial owners: name, birthdate,
address and a unique identifying
number and issuing jurisdiction from
an acceptable identification document
(and the image of such document).
The rule requires reporting
companies created after Jan. 1,
2024, to provide the four pieces of
information and document image
for company applicants. It requires
reporting companies to file reports
with FinCEN that identify two
categories of individuals: (1) the
beneficial owners of the entity; and
(2) the company applicants of the
entity. Companies also receive a
2-23 IB Lenders Coop 1-2H.indd 1
1/17/23 1:32 PM

Independent Banker - March 2023

Table of Contents for the Digital Edition of Independent Banker - March 2023

Table of Contents
Independent Banker - March 2023 - Intro
Independent Banker - March 2023 - Cover1
Independent Banker - March 2023 - Cover2
Independent Banker - March 2023 - Table of Contents
Independent Banker - March 2023 - 2
Independent Banker - March 2023 - 3
Independent Banker - March 2023 - 4
Independent Banker - March 2023 - 5
Independent Banker - March 2023 - 6
Independent Banker - March 2023 - 7
Independent Banker - March 2023 - 8
Independent Banker - March 2023 - 9
Independent Banker - March 2023 - 10
Independent Banker - March 2023 - 11
Independent Banker - March 2023 - 12
Independent Banker - March 2023 - 13
Independent Banker - March 2023 - 14
Independent Banker - March 2023 - 15
Independent Banker - March 2023 - 16
Independent Banker - March 2023 - 17
Independent Banker - March 2023 - 18
Independent Banker - March 2023 - 19
Independent Banker - March 2023 - 20
Independent Banker - March 2023 - 21
Independent Banker - March 2023 - 22
Independent Banker - March 2023 - 23
Independent Banker - March 2023 - 24
Independent Banker - March 2023 - 25
Independent Banker - March 2023 - 26
Independent Banker - March 2023 - 27
Independent Banker - March 2023 - 28
Independent Banker - March 2023 - 29
Independent Banker - March 2023 - 30
Independent Banker - March 2023 - 31
Independent Banker - March 2023 - 32
Independent Banker - March 2023 - 33
Independent Banker - March 2023 - 34
Independent Banker - March 2023 - 35
Independent Banker - March 2023 - 36
Independent Banker - March 2023 - 37
Independent Banker - March 2023 - 38
Independent Banker - March 2023 - 39
Independent Banker - March 2023 - 40
Independent Banker - March 2023 - 41
Independent Banker - March 2023 - 42
Independent Banker - March 2023 - 43
Independent Banker - March 2023 - 44
Independent Banker - March 2023 - 45
Independent Banker - March 2023 - 46
Independent Banker - March 2023 - 47
Independent Banker - March 2023 - 48
Independent Banker - March 2023 - 49
Independent Banker - March 2023 - 50
Independent Banker - March 2023 - 51
Independent Banker - March 2023 - 52
Independent Banker - March 2023 - 53
Independent Banker - March 2023 - 54
Independent Banker - March 2023 - 55
Independent Banker - March 2023 - 56
Independent Banker - March 2023 - 57
Independent Banker - March 2023 - 58
Independent Banker - March 2023 - 59
Independent Banker - March 2023 - 60
Independent Banker - March 2023 - 61
Independent Banker - March 2023 - 62
Independent Banker - March 2023 - 63
Independent Banker - March 2023 - 64
Independent Banker - March 2023 - 65
Independent Banker - March 2023 - 66
Independent Banker - March 2023 - 67
Independent Banker - March 2023 - 68
Independent Banker - March 2023 - 69
Independent Banker - March 2023 - 70
Independent Banker - March 2023 - 71
Independent Banker - March 2023 - 72
Independent Banker - March 2023 - 73
Independent Banker - March 2023 - 74
Independent Banker - March 2023 - 75
Independent Banker - March 2023 - 76
Independent Banker - March 2023 - 77
Independent Banker - March 2023 - 78
Independent Banker - March 2023 - 79
Independent Banker - March 2023 - 80
Independent Banker - March 2023 - Cover3
Independent Banker - March 2023 - Cover4
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