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…....
AML Guidance for IBs Regarding Unusual Situations
- Post published:October 21, 2013
- Post category:Compliance / Legal