Know Your Customer
Know Your Customer (KYC) / Customer Identification Program (CIP) Policy
CIP and KYC procedures including identity verification, risk tiering, and EDD.
Section outline
The structure examiners expect to see. Full drafted language with citations is generated inside PliOS for your institution type, products, and jurisdictions.
1.PURPOSE
2.CUSTOMER IDENTIFICATION — INDIVIDUALS
3.CUSTOMER IDENTIFICATION — LEGAL ENTITIES
4.CUSTOMER RISK RATING
5.ENHANCED DUE DILIGENCE (EDD)
6.OFAC SANCTIONS SCREENING
7.ONGOING MONITORING AND KYC REFRESH
8.RECORDKEEPING
Customize this for your institution
PliOS drafts the full policy with verified citations, tailored to your products and jurisdictions — then your CCO reviews before adoption.
This outline is educational and does not constitute legal advice. Policies must be tailored to your institution and reviewed by qualified compliance counsel before adoption.