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Business Documentation? Online? How?

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How can we open businesses online under current Customer Identification Program?

A CIP allows you to do both documentary and nondocumentary verification of a customer. The business is your customer. You should currently have procedures that discuss opening accounts when you are not face-to-face. Most of these procedures are for consumer accounts. You would have to modify your CIP to manage accounts that are opened with the customer is not in your office.


Learn more about Deborah Crawford’s webinar Online Opening of Business Accounts

First published on 10/04/2020

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