Customer Identification Process

The Customer Identification Process (CIP) provides a feature to conduct due diligence when a new customer is created in the system. This process is executed in a batch mode for existing customer databases and it automatically scans a new record or an existing record that is modified.

The system scans and filters third party REGULATORY and NON-REGULATORY data. It assists you in screening existing and new customer records to reduce operational risks relative to Government Sanction Programs, related risks from Money Laundering, Fraud, and so on.

Suspicious customer records are stored in the following two lists.

• The internal list - In this list, you can store all customer records that bank think are suspicious.

• The standard list - In this list, the governing body stores the worldwide suspicious customer records. You cannot modify this list.

To access the CIP module

1. Log on to the system.

2. On the menu bar, click CIP.
   The Customer Identification Process screen appears, displaying the CIP workflow.

The CIP module enables you to perform the following activities:

• Maintain internal list details

• Maintain internal list

• View internal and standard list

• Search an entry

• Maintain the false positive list

• Scan result for suspicious customers

• View false positive expired

Depending upon your role, the administrator allows you to access above-mentioned options.