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#380897 - 07/05/05 09:15 PM CIP - Business Accounts (What is required?)
Anonymous
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What is required for CIP on a Corporate Account? vs. LLC? vs. Sole Proprietor account?

I know my policy should mirror the practice. I see the examiners guidance, but can not clearly identify in writing what is required specifically for each type of business account, starting with these three. Any link you can provide?? Many thanks!

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#380898 - 07/06/05 01:42 PM Re: CIP - Business Accounts (What is required?)
LauraL Offline
Gold Star
Joined: Jun 2005
Posts: 365
Georgia
I have created a business documentation checklist for each type of business and when someone opens an account, the customer service person is required to gather all the documents on the list and check them off as they are received.

Do you want me to PM them to you?
_________________________
"I'd rather be running a marathon than doing compliance!"

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