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Deadline Date

By Edward Cone  |  Posted 2002-09-12 Print this article Print
 
 
 
 
 

A health insurer changes bosses—but never informs the public.

: 10.26.02">

Deadline Date: 10.26.02

This is the date set by the USA Patriot Act by which financial services and insurance companies should know that all their customers' identities are legitimate or, at very least, must have set up the procedures that will help them quickly verify those customer backgrounds.

At a minimum, what you need to verify about individuals:

  • Full legal name, address, citizenship, date of birth
  • Taxpayer identification number

    What you need to verify about organizations:

  • Official legal name and address
  • Tax ID number
  • Individuals with signatory powers

    For more details, see www.ustreas.gov/fincen/patriotact.html

    —Tom Steinert-Threlkeld



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    Senior Writer and author of the Know It All blog

    Ed Cone has worked as a contributing editor at Wired, a staff writer at Forbes, a senior writer for Ziff Davis with Baseline and Interactive Week, and as a freelancer based in Paris and then North Carolina for a wide variety of magazines and papers including the International Herald Tribune, Texas Monthly, and Playboy. He writes an opinion column in his hometown paper, the Greensboro News & Record, and publishes the semi-popular EdCone.com weblog. He lives in North Carolina with his wife, Lisa, two kids, and a dog.
     
     
     
     
     
     
     
     
     
     
     

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