Address Verification
Foreign Client
DAC Report
CIP Process
This & That
100
A customer walking into the bank wanted to use a bank statement as proof of address. Is this acceptable proof of address?
What is NO
100
Who is held responsible for tracking codes on an account?
The secondary officer.
100
This is what the acronym CIP stands for
What is Customer Identification Program
200
This department will send emails to the branch informing of CIP violations and request information.
What is Retail Administration
300
A customer's primary ID must match which address to avoid requiring address verification?
What is Physical Address
300
These two columns divided by each other equal your monthly success ratio.
What is Total Outstanding Errors and Monthly Accounts Opened.
300
At which stage of letters mailed to the client will the account become blocked.
What is The third letter- 30 days
400
This document is often given but does not contain an address on it.
What is a passport.
400
If I open an account in the month of April and obtain tracking codes during that month, will they be held against me for the month of April.
No- errors are not held against a person during the same month they are occurred.
400
An account with a CIP tracking code will be closed once it reaches this number of days
What is between 40-45 days
400
This department receives and reviews your documents. They also place and remove tracking codes.
What is Deposit Operations. NOT RETAIL.
500
A customer must be given notice as to the bank's requirements to obtain and verify the client's identity.
What is True
500
When is it acceptable to open an account without the proper documentation?
What is NEVER!!!
M
e
n
u