BSA/AML: CIP Advanced


Explains the additional CIP steps to take at account opening to identify customers and confirm that their activities and funds are legitimate. Describes the documentation and enhanced due diligence the bank may require for non-U.S. persons, and risks to the bank when offering services to higher risk entities.​

Updated: Sept. 2017
Re-versioned: June 2016

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Learning Objectives

After completing this course, students will be able to:

  • Describe the advanced procedures to take to identify customers who are not individuals and their banking practices
  • Identify the types of identification and verification needed when opening accounts for the following entities: 
    • ​​Business accounts
    • Non-U.S. persons
    • Non-Bank Financial Institutions (NBFIs) and Money Service Businesses (MSBs)
    • Private banking and politically exposed persons (PEPs)
    • ​Foreign correspondent accounts
  • ​Explain how existing CIP requirements apply to prepaid cards 

Audience

Any bank staff establishing relationships with business customers, private bankers, and commercial lenders.

​Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 


ABA Member • $55
Non-Member • $75

 

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