Customer Identification Program (CIP) ~ E3
Course Description
This course explains the basic requirements of the Customer Identification Program (CIP) as prescribed by the USA PATRIOT Act. It details the six basic elements of a CIP and what types of customers and accounts are affected. Although each institution™s Customer Identification Program will be tailored to its own specific needs and circumstances, this course will outline the law™s requirements for collecting and verifying customer identifying information, including beneficial owners of legal entity customers.
25 Minutes
Series: Nonbank Financial Services
Roles: Commercial, Retail
Course Format: E3
Package: Non-Bank Advantage, Non-Bank Complete
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