I expect we'll see a lot of different variations on this theme, so I'm gonna bookmark this and
the long CIP thread so I can refer posters to them more readily.
Anyhow, the proposal suggests that your CIP include in it a risk-based ID verification procedure. So, you'll need to obtain all of the ID data elements for the out of area (OOA) signer, but you will provide for a reasoned approach in the CIP for how much and whether you'll need to verify all or part of the data. If the account (product type or customer type) is one that you think is riskier than others (fraud, money laundering, terrorist financing), you'll probably require more verification than for a garden variety business or personal account.
Be reasonable in your planning. Think about the risk involved in ID for the type of account you're dealing with. It's probably fairly low. So perhaps you won't want to verify ID data on this person. Maybe you ask them to supply you with a photocopy of their license so you can compare signature. Whatever works for you.
If the account is for a Wal*Mart that's going to be signed on by high-muck-a-mucks at corporate HQ, you're probably comfortable without verifying much other than getting a corporate resolution. But if it's a charity with a HQ in the Middle East, you'll want to document the hell out of any and all IDs you get.
Good luck to us all!