Financial institutions across the United States have grappled with compliance requirements under the Customer Identification Program (CIP) Rule for more than two decades. A new exemption, approved in ...

Under the CIP Rule, banks (along with certain other categories of financial institutions, such as broker-dealers) are required to collect, prior to opening an account, a minimum of four pieces of ...

Identifying and verifying corporate banking customers shouldn't be the time-guzzling, resource-draining, manual effort it is today. At present, it can take banks months of research and analysis to ...