BSA/AML Examiner School - Case Study Oct 2023

LC8 12/15

Checklist 4.1: CIP Policy Review (cont.)

Yes No N/A

• The various types of identifying information available?

Y

• The institution's size, location, and customer base?

Y

Do the risk-based procedures adopted by the institution appear reasonable? 31 CFR 1020.220(a)(2) Does the CIP require, at a minimum, the following information prior to opening an account: 31 CFR 1020.220(a)(2)(i)(A) • Name?

Y

Y

• Date of birth (individuals only)?

Y

• Address?

Y

• For U.S. persons — taxpayer identification number (TIN)?

Y

• For non-U.S. persons — a TIN or other number from a government issued photographic identification document? 31 CFR 1020.220(a)(2)(i)(A)

Y

If an account is allowed to be opened without a taxpayer identification number (TIN): 31 CFR 1020.220(a)(2)(i)(B)

NA

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