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The USA PATRIOT ACT and Bank Secrecy Act, Anti-Money Laundering Customer Identification Program (CIP) Module (AML CIP Workflow Guide) (Sound Practice Series, Volume 1 AML) (CD-ROM)

Pages 32: Customer Due Diligence Account Opening Forms This CIP program provides a powerful rule based CIP application for all financial service providers that offer services to institutional and retail investor types. This CIP program enables the financial company to conduct and maintain a risk-based review of all investor and client types. This CIP program is intended to ensure that, prior to accepting a new customer’s funds or opening a new client account, all reasonable and practical measures are taken to confirm the customer’s identity. The firm’s CIP is designed to ensure that prohibited investors and customers are not accepted as clients of the firm. The firms CIP is also designed to verify that any third party upon whom the firm relies upon for customer identification, (such as a bank, clearing broker, prime broker, financial intermediary, placement agent, consultant, fund-of-funds, custodian, nominee, administrator, or any other third party) adheres to the same CIP standards. The firm will complete appropriate customer identification procedures with regards to a new account applicant prior to accepting an investment or opening a new customer account. Sum2, LLC