This Bank Secrecy Act: Customer Identification Program (CIP) online training course explores the minimum requirements – when a new account is opened for a customer – that will comply with the Bank Secrecy Act. The Bank Secrecy Act requires banks to gather enough information on anyone who opens a new account at the bank to form a reasonable opinion that it knows the account holder’s true identity. To meet this requirement, banks must establish a written Customer Identification Program (CIP). The CIP must be appropriate for the bank’s size and risk profile and is typically incorporated into the bank’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program.
Course Learning Objectives
By taking this online Bank Secrecy Act: Customer Identification Program (CIP) course, the user will learn:
- To know when they are to comply with the CIP requirements
- How to collect the required information from a customer opening a new account
- How to follow the bank’s Customer Identification Program procedures
Course Outline
This online Bank Secrecy Act: Customer Identification Program (CIP) course is made up of the following sections:
- Definitions
- CIP Requirements
- Procedures
Course Audience
This Bank Secrecy Act: Customer Identification Program (CIP) online training course was designed for frontline bank employees.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.
| Course Language |
English |
| Length Range |
30 Minutes or Less |
| Length (Hours) |
0.25 |
| Course Features |
Audio, Mobile, Accessible, Video |
| Module Number(s) |
42011EN |
