Customer Identification Program (CIP)

URI: https://gptkb.org/entity/Customer_Identification_Program_(CIP)
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:legislation
financial compliance requirement
gptkbp:appliesTo broker-dealers
mutual funds
banks
credit unions
financial institutions
other financial institutions
gptkbp:country gptkb:United_States
gptkbp:enforcedBy gptkb:U.S._Department_of_the_Treasury
gptkb:Financial_Crimes_Enforcement_Network_(FinCEN)
https://www.w3.org/2000/01/rdf-schema#label Customer Identification Program (CIP)
gptkbp:legalBasis gptkb:Section_326_of_the_USA_PATRIOT_Act
gptkbp:minimumInformation gptkb:given_name
gptkb:identity
gptkb:address
date of birth
gptkbp:penalty criminal penalties
civil penalties
gptkbp:purpose prevent terrorist financing
prevent money laundering
gptkbp:regulates gptkb:United_States_federal_law
gptkbp:relatedTo gptkb:USA_PATRIOT_Act
gptkb:Anti-Money_Laundering_(AML)
gptkb:Know_Your_Customer_(KYC)
gptkbp:requires recordkeeping
collection of customer information
comparison with government lists
verification of customer identity
gptkbp:startDate October 1, 2003
gptkbp:bfsParent gptkb:Bank_Secrecy_Act
gptkbp:bfsLayer 6