Customer Identification Program Policy

Bank Policy
This policy can be readily incorporated into your bank's existing BSA and AML policies. Covers the basis for the CIP procedures, including Customer Due Diligence, definitions, procedures for verification through documents, non-documentary verification, lack of verification, and other items, such as when not to open the account, limited use of account, when the account will be closed, when additional information is required, record keeping, comparison with government lists, customer notice, and reliance on another financial institution.
ICBA Member - $175.50
Non-Member - $195.00