Best of CIP Threads - Compliance
For CIP week, we've scoured the Bankers' Threads to find the gems that pertain to CIP, contain useful advice and information, and shed light on the issues involved with this complex legislation. We've compiled these forum messages into a .pdf digest file for you to download. (Many of the discussions could have been placed into more than one category, so be sure and check the other main content sections. We recommend you download all six!)
Share a little CIP humor, or commiserate about your CIP frustration, by sending a quick ecard from the Office Humor section of the BOL ecard Exchange.
This 326 page will tell you about products and vendors who can assist you in implementing an effective Customer Identification Program under Section 326 of the USA PATRIOT Act.
What if you could find one location that would provide tools to help you with writing, checking, and implementing your CIP, identifying your customers, and satisfying the CIP notice requirements? You guessed it! We've done the work and organized the information for you. It's only a click away. CIP Tools
Verifying ID: What should you accept?
It is important for your institution to identify the types of identification documents you will deem acceptable. Are you ready? Do you have good primary and secondary documentation?
Customer Authentication: What to Consider
The foundation for any fraud prevention program is customer authentication. Nondocumentary verification is an important tool for customer authentication.
How Long to Keep?
How long should you retain records? Are there any issues if you decide to hold onto them past the required date?
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