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CIP on DBA new customer

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We have completed our CIP on the customer opening the account as a DBA, would we still need to complete a CIP on their business? If so how would we do that?

You cannot perform CIP on a DBA; a "DBA" name is the equivalent of a nickname. You identify the individual, corporation, partnership, LLC, etc., that is the customer. Then, you establish that the customer has the right to use the DBA name.

First published on 10/11/10

First published on 10/11/2010

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