Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

What is Customer Identification Program (CIP)?

Crypto Terms Glossary: What is Customer Identification Program (CIP)?

Established by the U.S. Patriot Act of 2001 and implemented in 2003, the Customer Identification Program (CIP) prescribes the minimum standards with which financial institutions must confirm the identity of a new customer in connection with opening an account. Each financial institution's CIP is proportional to its size and type of business, types of accounts offered, methods of opening accounts, and other factors. The objective of this program is to minimize the degree to which the U.S. financial system is used for money laundering and terrorist financing activities.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Crypto AI:CON Gains Momentum with ICP and Privasea as Title Sponsors
Crypto AI:CON, Europe's leading Crypto AI conference, continues to gain momentum with an impressive lineup of sponsors, partners, and speakers. Organized by Lunar Strategy, the event is set..
Press Releases: Where AI Meets Crypto: ChainGPT's Standout Moment at TOKEN2049
On 20th September, over 400 enthusiasts, innovators, and thought leaders packed into LeVeL33 in Singapore for the "Where AI and Crypto Intersect" event during TOKEN2049. Organized by Lunar..
Press Releases: Wiki Finance Expo Dubai 2024 will be held on Nov 27th
FinTech, Forex, Crypto, Web 3.0, Metaverse, ESG and AI Will Be in Focus. Taking place on Nov 27, 2024, Wiki Finance Expo Dubai 2024 is one of the largest and most influential FinTech and..
Press Releases: How to Track Crypto Whale Wallets? Learn at the ArbitrageScanner.io Crypto Event in Dubai
Wondering how to start making money with cryptocurrencies without any experience? ArbitrageScanner is your answer. Here you will find not only tools to help you grow your capital, but also..