{"id":25303,"date":"2013-05-16T14:31:49","date_gmt":"2013-05-16T09:01:49","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=25303"},"modified":"2024-04-12T14:18:07","modified_gmt":"2024-04-12T08:48:07","slug":"customer-identification-procedures","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/customer-identification-procedures\/","title":{"rendered":"AML KYC Tutorial|Customer Identification Procedures"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"400\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-18.png\" alt=\"Customer Identification Procedures details\" class=\"wp-image-91696\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-18.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-18-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n<p>\u00a0<\/p>\n<h2><strong>Customer Identification Procedures<\/strong><\/h2>\n<p>Banks are required to clearly spell out the Customer Identification Procedures to be carried out at different stages i.e. while establishing a banking relationship; carrying out a financial transaction or when the bank has a doubt about the authenticity\/veracity of the adequacy of the previously obtained customer identification data.<\/p>\n<p>Financial institutions need to conduct a risk assessment of their customer base and product offerings, and in determining the risks, consider:<\/p>\n<ul>\n<li>The types of accounts offered<\/li>\n<li>The methods of opening accounts.<\/li>\n<li>The types of identifying information available<\/li>\n<li>The institution&#8217;s size, location, and customer base<\/li>\n<\/ul>\n<p><span style=\"line-height: 24px;\">Example of Software used for CIP:<\/span><br \/><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/Z6f7RcLs-Ew?rel=0\" width=\"420\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<div class=\"apply\">\n<h3>\u00a0<\/h3>\n<h3>\u00a0<\/h3>\n<p><a href=\"https:\/\/www.vskills.in\/practice\/aml-kyc\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-91326 size-full aligncenter\" title=\"AML KYC Vskills\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1.png\" alt=\"AML-KYC Compliance officer free practice test\" width=\"960\" height=\"150\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1.png 960w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1-300x47.png 300w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><\/p>\n<\/div>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href=\"https:\/\/www.vskills.in\/certification\/Certified-AML-KYC-Compliance-Officer\" target=\"_blank\" rel=\"noreferrer noopener\">Go to Home Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Customer Identification Procedures Banks are required to clearly spell out the Customer Identification Procedures to be carried out at different stages i.e. while establishing a banking relationship; carrying out a financial transaction or when the bank has a doubt about the authenticity\/veracity of the adequacy of the previously obtained customer identification data. Financial institutions&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3356],"tags":[6068,6069,6071,6065,6073,6072,6070,6066,71,6067,5092,3589,6074],"class_list":["post-25303","page","type-page","status-publish","hentry","category-aml-kyc-2","tag-aml-certification","tag-aml-kyc-certificate","tag-aml-kyc-certificate-online","tag-aml-kyc-certification","tag-aml-kyc-course","tag-aml-kyc-in-india","tag-anti-money-laundering-certificate","tag-anti-money-laundering-certification","tag-certification","tag-compliance-certification","tag-customer-identification-procedures","tag-online-certification","tag-vskills-certification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AML KYC Tutorial | Customer Identification Procedures<\/title>\n<meta name=\"description\" content=\"It is important to learn about Customer Identification Procedures as a part of AML-KYC. 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