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#1964353 - 09/24/14 06:55 PM CIP Worksheets?
BSA_in_depth Offline
Member
Joined: Jun 2006
Posts: 99
Texas
Just trying to get an idea of what most banks are doing to record/retain CIP info. Please let me know if you are:

using an actual paper worksheet that gets imaged,
only retaining the info in your core system,
only retaining the info in your AML software, or
doing something different to document CIP.

If you aren't using a worksheet, how do you document how you resolved discrepancies?

Thanks!

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#1964364 - 09/24/14 07:16 PM Re: CIP Worksheets? BSA_in_depth
Doug Hendrickson Offline
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Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
We use an actual paper form that gets imaged. It also gets retained on the core system, but often folks put the PO Box (for mailing purposes) into the system instead of the physical address. There is a way of retaining both, but folks need to be better trained and pay attention. The image of the actual paper form assures that we have the physical address on file at the time of account opening.
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I hear and I forget. I see and I remember. I do and I understand.--Confucius

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#1964374 - 09/24/14 07:36 PM Re: CIP Worksheets? BSA_in_depth
Sunshine Lady Offline
Platinum Poster
Sunshine Lady
Joined: Apr 2014
Posts: 673
We image the Chex-system paper form and document any discrepancies on the form and make sure we have a physical address. We can pull the images thru the customer profile if needed. Each customer has a place for notes on their profile, so is something needs to be documented, we do it there also.
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Define Success on your own terms, achieve it by your own rules, and build a life you are proud of. Anne Sweeney

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#1964396 - 09/24/14 07:54 PM Re: CIP Worksheets? BSA_in_depth
Beachbum, CRCM Offline
Gold Star
Joined: Dec 2006
Posts: 499
Knee Deep in Regs
we image actual paper form and maintain CIP information on core processor as well. Exceptions/discrepancies are recorded and worked manually until resolved.
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What we think, we become.
Buddha

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