Managing Compliance With Your Customer Identification ... - IIR

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Summary CIP and KYC is an ongoing effort ‣Risk Based ‣Integrate multiple information sources ‣Technology and workflow ‣Search and match ‣False positive management ‣Document work done
Michelle Neufeld – JP Morgan Chase Tara Loftus – UBS Financial Services Section 326 – <strong>Customer</strong> <strong>Identification</strong> Program Basic Requirements 1. Verify the identity of each customer to the extent reasonable and practicable 2. Maintain records 3. Determine whether the person appears on a list designated for purposes of this rule.
Page 1 and 2: Managing Compliance With Your Custo
Page 4 and 5: Customer Identification Program is
Page 6 and 7: When are CIP and KYC complete? a) O
Page 8 and 9: When are CIP and KYC complete? a) O
Page 10 and 11: At Account Opening: ‣Determine ap
Page 12 and 13: Screening Capabilities: Enable effi
Page 14 and 15: External Information Sources •Com
Page 16 and 17: Internal Information Sources - The
Page 20 and 21: Definition of Customer includes: De
Page 22 and 23: Recent Guidance Agent Lending - Apr
Page 24 and 25: Core Four Identification Informatio
Page 26 and 27: CIP vs. KYC/Due Diligence • CIP i

Managing Compliance With Your Customer Identification ... - IIR

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