Customer Identification Program Checklist


Summary

This Customer Identification Program (CIP), Customer Due Diligence and Enhanced Due Diligence checklist sets forth the steps required by financial institutions in order to be compliant with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001 (Patriot Act). Section 326 of the Patriot Act is designed to ensure that every financial institution forms a reasonable belief that it knows the true identity of its customers.