Exam (elaborations)
CIP Customer Identification Procedures Questions with Complete Correct Answers | Grade A+
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Under the CIP rules, basic customer information must be collected from: Ans: All consumer and commercial customers The CIP's data collection requirements only apply to U.S. persons, since non-U.S. persons cannot be expected to provide the typical account-opening information. Ans: F Non-U.S. p...
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