Customer Identification Program

	Solutions
	Suspicious Activity Reporting
	Customer Identification Program
	Anti-Money Laundering
	Customer Complains
	Compliance Memo & Notices
	Sarbanes-Oxley

Customer Identification Program (CIP) Solution

This USA Patriot Act, OFAC & BSA compliant software solution is used for screening new and existing customers. This software can be used by Banks, Brokerages, Insurance Companies, Credit Unions, Money Service Business, Data Processors, Casinos and Mortgage Brokers.

Challenge

USA Patriot Act requires a firm to determine:
●	If the person appears on any specially designated/debarred lists. Verify against known or suspected terrorists or terrorist organizations
●	Verifying the identity of the customer seeking to open a new account
●	Maintaining records of the information used to verify the person’s identity, including name, address, and other Identity related information. Make periodic review of the information collected

Solution

To meet the above challenge, our solution provides Watch List screening and Identity Verification. Watch List screening and Identity Verification can be performed for both, Individuals and Entities to achieve compliance.

As part of Watch list screening, a new or existing customer name is screened against over 40+ specially designated watch lists. These include US and International lists including those from UK, Canada, European Union, Australia, Interpol and United Nations. Additionally, New lists are being added every month.

As part of Identity Verification you can match customer SSN, Name, Address, phone #, Date of Birth, etc. against standard and historic data available. This is based on customer information available.

Together they provide a stronger foundation to your KYC (Know Your Customer) Program. The Enhanced Due Diligence helps you meet and exceed the requirements set forth in section 326 of the USA Patriot Act. See below for details.

Watch Lists Screening - (Essential Capability)

Watch Lists Screening is the essential USA Patriot Act requirement. Organizations must screen the customers against specially designated lists (OFAC, FBI, CIA, other US and world wide lists). This Solution lets you screen a customer name against the following 40+ watch lists listed below -

OFAC
●	The OFAC List - SDN
●	The OFAC List - ALT
●	The OFAC List - ADD

Federal Bureau of Investigation
●	FBI Crime Alert
●	FBI Kidnappings and Missing Persons List
●	FBI Unknown Robbers List
●	FBI Cyber Crime List
●	FBI Most Wanted Terrorists List
●	FBI Most Wanted Fugitives List
●	FBI Recently Televised Sexual Predators List
●	FBI Crime Against Children List
●	FBI Criminal Enterprise Investigation List
●	FBI War On Terrorism List
●	FBI Additional Violent Crimes List
●	FBI Domestic Terrorism List
●	FBI Parental Kidnapping List
●	FBI Seeking Information List
●	FBI Violent Crimes (Murder) List
●	FBI White Collar Crimes List

CIA & Other US List
●	Central Intelligence Agency (CIA) Chief of State File
●	United States Marshals List
●	Department of Trade Controls Debarred Parties File
●	OCC Unauthorized Offshore Shell Banks Lists

North American Regulatory Screening
●	Denied Persons List (Formerly BXA)
●	Canada - Office of the Sup. of Financial Institutions (OSFI) List for Individuals
●	Canada - Office of the Sup. of Financial Institutions (OSFI) List for Entities
●	Non-Cooperative Countries and Territories

Enhanced Due Diligence
●	World Bank Debarred List
●	OECD Tax Haven List
●	Interpol Wanted Fugitives List

United Kingdom/European Regulatory Screening
●	Bank of England List
●	Central Bank of Ireland Warning Notices Lists
●	European Union Terrorists List

United Nations
●	United Nations Consolidated Sanction List

Others / International
●	International Swift Country Codes
●	OECD Tax Haven List
●	Australian Department of Foreign Affairs and Trade List

Customer Specific List
●	OFSI Cumulative Warning Lists
●	Worldwide Government Officials List
●	FATF Non-Cooperative Countries (Money Laundering) List
●	INS Deportees Database
●	Major Cities & Ports of OFAC Blocked Countries
●	Swiss SECO List
●	United Nations Foreign Officials File
●	International Standards Organization Table
●	Electronic Payments 3 Digit Country Code File
●	Bureau of Export Affairs Denied Persons & Entities
●	GSA Debarred Vendors



Identity Verification Services - (Enhanced Capability)
Perform Identity Verification for both Individuals and Entities. This feature lets you verify customer name, address, phone # etc. Verifications performed are listed below -

Individual Screening Capabilities
Identification method ensures that name, date of birth and Social Security numbers match. It returns a Pass, Fail or Undetermined results on the following checks

●	SSN has been issued
●	SSN and Name Match
●	SSN issued after Date of Birth
●	Name and Date of Birth Match, Driver's License Name Match
●	High Risk Address Check
●	Phone Name Match
●	Phone Address Match

Business Screening Capabilities
In addition to the individual screening capabilities, IDV also gives you the ability to check businesses and company information. The business identity verification returns a Pass, Fail, or Undetermined results on the following checks

●	EIN Business Name Match
●	High Risk Address Check
●	EIN Business Name Address Match
●	Business Name Phone Match
●	Phone Address Match
●	Business Address Validation

With IDV, you can
●	Reduce work load by performing less due diligence and relying on more true matches
●	Obtain higher level of confidence that you truly "Know Your Customer"
●	Make smarter decisions with more of the information you need- all at your finger tips
●	Check both individual and businesses
●	Reduce financial risk
●	Protect your institution's reputation
●	Enhance USA PATRIOT Act Compliance

Features
●	Advanced comparative verifications (i.e. date of birth and phone number data)
●	Flexible score calculations
●	Improved report readability
●	Easy to read ID Verification score
●	Enhanced error reporting
●	Results error (providing additional details to identity verification searches)
●	Enhance USA PATRIOT Act Compliance

Benefits

●	Check both individual and businesses. Reduce work load by performing less due diligence and relying on more true matches
●	Enhance USA PATRIOT Act Compliance
●	Obtain higher level of confidence that you truly "Know Your Customer"
●	Protect your institution's reputation

Key Capabilities

●	Perform identity verification
●	Quickly check individual customer names, batch files against global watch list
●	Configure watch list settings
●	Perform precise searched in the Reports, Accept and Deny lists
●	View and print specific reports as needed
●	Build tailor made accept lists to reduce false positives
●	Create custom deny lists to monitor additional entities
●	Construct custom country deny lists
●	Utilize system-wide import and export functionality

Request more information

	Why choose CIP Solution?
	Reasons to implement CIP Solution
	CIP Solution - FAQs

Attention...!

Brokerages

Banks

Insurance Companies

Credit Unions

Money Service Business

Data Processors

Casinos

Mortgage Brokers

Screen

New & Existing

Individuals

Entities

US Categories

OFAC Lists

FBI Lists

CIA Lists

North American Regulatory Lists

International Categories

United Nations Lists

UK/EU Lists

Our Database

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19 billion public records

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Extensive proprietary identity database

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National real property information

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Drivers license data and motor vehicle records.

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