Know Your Customer (KYC) Compliance FAQs

Question 1

What specific regulations does this KYC skill cover?

Accepted Answer

It provides implementation guidance for FINRA Rule 2090, the USA PATRIOT Act Section 326 (CIP), and the FinCEN CDD Rule regarding beneficial ownership.

Question 2

Does this skill support investment adviser requirements?

Accepted Answer

Yes, it includes guidance for SEC-registered investment advisers regarding fiduciary duty of care and the extension of BSA/AML requirements to advisers.

Question 3

How does it assist with beneficial ownership requirements?

Accepted Answer

The skill guides the process of identifying and verifying individuals who own 25% or more of a legal entity or exercise significant control, as required by the CDD Rule.

Question 4

When is Enhanced Due Diligence (EDD) triggered within this skill?

Accepted Answer

EDD guidance is triggered for high-risk profiles, including Politically Exposed Persons (PEPs), foreign correspondent accounts, and jurisdictions flagged for money laundering risk.

Question 5

Can this skill help distinguish between verification methods?

Accepted Answer

Yes, it provides criteria for choosing between documentary methods like government IDs and non-documentary methods like credit bureau checks or database searches.

Know Your Customer (KYC) Compliance

主要功能

使用场景

Know Your Customer (KYC) Compliance

主要功能

使用场景