Bank Secrecy Act – Customer Identification Program (CIP)

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Frontline staff play a key role in following these procedures as part of the bank’s overall BSA/AML compliance efforts. This course explains how to comply with the Customer Identif ication Program (CIP) requirements of the Bank Secrecy Act when opening new accounts. Banks must collect enough information to reasonably confirm a customer’s identity, and that means following a written CIP that's tailored to the bank’s size and risk level. Show more