3 Distinct Qualities of A Solid Customer Identification Program

Customer Identification Program

In order to abide by BSA/AML compliance regulations, a reliable Customer Identification Program (CIP) is a must. With the development of technology, CIP programs have become increasingly tighter to protect against things like identity theft and organized crime. Security efforts were particularly advanced after 9/11. Due to this, in 2003, CIP was added as a […]

How to Conduct Enhanced Due Diligence Properly

When it comes to AML compliance, the basic checklist will tell you almost everything you need to know. However, there are a couple of other factors that might have slipped your radar. If you look specifically at KYC, for instance, you’ll find that high risk customers require some additional resources before you can proceed with […]