Change CIP? Maybe for online account opening.

Answered by:

Question:

Do we have to amend our Customer Identification Policy in the BSA program?

Answer:

Yes, it is possible that you may need to amend your policy and procedures for BSA to adapt your program for when you are opening accounts and you are not face to face.
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Learn more about Deborah Crawford’sOpening Deposit Accounts Online—CIP, CDD, Compliance and Risk webinar.