AML Guidance for IBs Regarding Unusual Situations

CFTC, FinCEN and Treasury have provided guidance in a Q&A format regarding certain unique circumstances relating to IBs and the Customer Identification Program (CIP).  These include: New Co-Owner of Account: If a person becomes a co-owner of an existing account, then the new co-owner is a customer to which the IB must perform the CIP…....

The full article is available to active NIBA members only.


Please login or sign up to read the rest.
Log In Register
Close Menu