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#2241832 - 09/01/20 12:21 AM Guardianships and CIP
JackieW Offline
New Poster
Joined: May 2019
Posts: 20
When opening up a guardianship deposit account, for CIP purposes, who is the 'customer' that CIP information is obtained from and identity verification procedures conducted? The ward? The guardian? Both? #2) Whose information goes in the CIF record?

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#2241833 - 09/01/20 12:33 AM Re: Guardianships and CIP JackieW
BrianC Offline
Power Poster
Joined: Nov 2004
Posts: 6,318
Since the ward lacks legal capicity, the guardian is your customer for CIP; however, for FDIC insurance/OFAC purposes, you may want to include the ward's information on your computer system as well.

The CIP FAQ's should be of help.
Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!

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