Revision as of 06:17, 8 April 2010 edit 117.201.71.245 (talk) →Requirements ← Previous edit		Revision as of 09:45, 11 April 2010 edit undo 98.122.181.90 (talk) Undid revision 354695339 by 117.201.71.245 (talk) Tag: section blanking Next edit →
Line 2: According to provisions of the [[USA Patriot Act]], all financial institutions must verify the identity of individuals wishing to conduct financial transactions. The law was implemented by regulations in 2003 which require financial institutions to develop a '''Customer Identification Program''' (CIP) appropriate to the size and type of its business. The CIP must be incorporated into the bank's [[Bank Secrecy Act]]/[[Anti-money laundering]] compliance program, which is subject to approval by the financial institution's board of directors. == ~~== Headline text ==~~ == ~~== Headline text ==~~ == ~~== Headline text ==~~ == == == == Requirements ==

Customer Identification Program: Difference between revisions