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#570121 - 06/20/06 02:55 PM

CIP Procedures - 2 forms of ID?

Jerseygirl Offline

Platinum Poster
Joined: Apr 2005
Posts: 684
Jersey Shore

I'm reviewing our CIP procedures - looking for more efficiencies without incuring more risk. Would like feedback from others via a poll. We are a $3 billion bank.

How many forms of IDs do you require a new customer to provide? single choice (23 Total Votes:)
1		8 (35%)
2		15 (65%)
Other		0 (0%)
Voting on this poll ends: 06/24/06 02:00 AM

Do you regularly use non-documentary (Check system, credit report) as your means of verification? single choice (23 Total Votes:)
Yes		14 (61%)
No		7 (30%)
Other		2 (9%)
Voting on this poll ends: 06/24/06 02:00 AM

Your Bank Size single choice (23 Total Votes:)
< $1 billion		16 (70%)
> $1 < $5 Billion		6 (26%)
> $5 billion		1 (04%)
Voting on this poll ends: 06/24/06 02:00 AM

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BSA/AML/CIP/OFAC Forum

#570122 - 06/20/06 03:12 PM Re: CIP Procedures - 2 forms of ID?
*PQ** Power Poster Joined: May 2001 Posts: 8,458 Somewhere	I tried to vote and it said I couldn't until noon?
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#570123 - 06/20/06 03:22 PM Re: CIP Procedures - 2 forms of ID?
First Banker Gold Star Joined: Apr 2005 Posts: 403 Florida	It wouldn't take my vote, but did not tell me why??
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#570124 - 06/20/06 03:32 PM Re: CIP Procedures - 2 forms of ID?
Jerseygirl Platinum Poster Joined: Apr 2005 Posts: 684 Jersey Shore	Sorry - I must have messed up when I set it up - please try again at noon while I try to figure out what happened.
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#570125 - 06/20/06 04:15 PM Re: CIP Procedures - 2 forms of ID?
Pinkie CRCM Gold Star Joined: Aug 2003 Posts: 399 KY	I think it's working now
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#570126 - 06/20/06 04:33 PM Re: CIP Procedures - 2 forms of ID?
kw@fnb 100 Club Joined: Jul 2004 Posts: 135 Beatrice, NE	In addition to the driver's license, we send a welcome letter to all new customers. This satisfies non-documentary. If the letter comes back, we know there's a problem.
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