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Whose identity must you verify?
Do you know which customers you don't have to verify? Do you know when the verification needs to be done? You will with the information found in these two charts.
CIP Risk Assessment
Can you name the four components to the risk assessment you must make? Can you describe them in detail?
Angry Customer Due to New CIP Requirements
Not all of your customers will be happy with the new identification procedures. What if some of your customers get angry during the process? What can you do to defuse the situation.
Best of CIP Threads - Security
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
BOL Special Security Sections
Visit the BOL Bank Robbery Page for a Rogue's Gallery of Suspects, resources for preventing robberies and dealing with their aftermath, and related articles.
Visit the BOL ID Fraud Center for our complete roundup of ID Fraud articles, Guru Q & A's and ID Fraud tools.
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BSA Enforcement: Expensive!
BSA compliance is serious business. And failure to comply can be expensive. AML programs have taken on increased importance. Make sure that you have the internal controls in place to ensure that CTRs and SARs are being filled out.
Money-Laundering or Terrorism: What Are We Looking For?
On the surface, the transactions conducted by money launderers and terrorists are very similar. While that's true, there may be some important distinctions.
Using Automation To Fight Money Laundering
One of the tools financial services companies are using in their battle against money laundering is automated detection systems, and those systems are becoming more sophisticated and more integrated into other banking software tools every day.
Helping Employees During Tough Times
The key to helping employees following any type of traumatic incident is to recognize the possible symptoms and address them. This report can help.
Follow These 10 Rules For Firewall Design and Help Secure Your Institution
The solutions are out there and yet the attacks keep coming. Follow these steps to make sure your information is as protected as it can be.
BSA Compliance Matters
Don't underestimate the importance of a working BSA program. Other areas of your institution are watching.
FinCEN, the Information Sharing Certificate, and Program Elements
We are thinking about filing an information sharing certificate with FinCEN. Are there any program elements we should consider?
First published on BankersOnline.com 9/8/03
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