On May 11, 2018, a new rule went into effect that requires financial institutions to gather additional information from legal entity (business) customers. The Certification Regarding Beneficial Owners of Legal Entity Customers requirement, or "Beneficial Ownership" for short, was created to help government and law enforcement fight money laundering and terrorism by identifying exactly who benefits from a company's revenue and who actually controls the goings-on within the business.
As we celebrate the spring season by cleaning, sorting and tidying up around the house, why not add financial organization to your spring cleaning to-do list?
The bad guys just LOVE tax season.
This year, they've been busy coming up with lots of new ways to get their greedy hands on our hard-earned refunds.
It seems like there's a week for everything these days. National Pickle-Eating Week. International Pencil-Sharpening Week. Train Your Dog To Jump Rope Week.
Giving back to the communities we serve has been a mission of Bank Independent since our founding in 1947. It was this commitment that led to the formation of our quarterly "Share" drives, in which we offer our 27 sales offices as convenient drop-off locations for folks who want to donate to local organizations across north Alabama.
Meltdown and Spectre.
Care to guess what these two words represent? They're not rock bands, and they're not new Marvel villains ready to face off with the Avengers. (Disclaimer: Ok, so my Marvel-ous coworkers have corrected me; there are actually some minor Marvel characters named Meltdown and Spectre. These aren't them.)
It’s the most wonderful time of the year! We all recently stuffed ourselves on turkey, shopped for deals during Black Friday, and wept with tears of joy or sorrow (depending on who you root for) while watching the Iron Bowl. With those fall moments behind us, the holiday season has officially begun!
We here at Bank Independent love the giving season, and we need your help to make it our best yet.
Family, friends, our health, a roof over our heads and a meal on our table...it's not difficult to come up with reasons we are thankful this holiday season. At Bank Independent, our Helping Hands program reminds us throughout the year of not only these blessings, but also those in our community who may not share them.
Even if you've never heard the term "Internet of Things" or its more-often-used abbreviation "IoT," you've probably thought of it. You've definitely used it. And you've probably been frustrated by it. Maybe, even, you can't live without it.