Customer Identification Program (CIP) Policy - $175.00


The purpose of this Customer Identification Program (CIP) Policy is to address the Customer Identification Program (CIP) of a financial institution in order to adhere to Section 326 of the USA Patriot Act regarding the requirement to implement reasonable procedures to verify the identity of any person.

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
Structure of Accountability - Topic 3
Risk Management - Topic 4
Regulatory Background - Topic 5
Definitions - Topic 6
Minimum Identity Verification Standards - Topic 7
Procedures for Verification of Identity - Topic 8
Procedures for Lack of Identity Verification - Topic 9
Rules for Special Accounts, Persons and Other Entities - Topic 10
Additional Account Opening Procedures - Topic 11
Comparison with Government Lists - Topic 12
Information Sharing Procedures - Topic 13
Customer Notice Procedures - Topic 14
Audit Policy - Topic 15
Staff Training - Topic 16
Retention of Records - Topic 17

Includes the following form template:
BSA Certification for Beneficial Owners Form (2 pages)
BSA CIP New Customer Information Sheet (1 page)

Recent updates to this product:
10/02/17 Update
FinCEN - Technical Corrections to Customer Due Diligence Final Rule
06/06/16 Update
FinCEN - Customer Due Diligence Requirements for Financial Institutions (Beneficial Ownership Rule)

This policy template (approximately 76 pages) is available to purchase from in Microsoft® Word format for $175.00.

Mix and Match Volume Pricing

Would you like to mix and match multiple policies, procedures or job descriptions and receive a special volume discount? Click here to see how much you can save.

Sample Request

Click here if you are a new financial institution client and are interested in receiving a sample version of this product by e-mail attachment.

Need help choosing the right bank policy products?

If you need help choosing the right documents for your financial institution or just need expert advice, is ready to help you.