Collect customer-identification documents for a bank lending account

Key facts

Human involvement

Yellow · Close supervision

How AI is used

List the name, date of birth, address and identification number the file already has, and the items still missing, for a bank account. Do not write the bank's program.

What the lawyer must review

A bank that must keep an anti-money-laundering program must have a written customer identification program under 31 C.F.R. § 1020.220. Before opening an account it must obtain, at a minimum, the customer's name, date of birth for an individual, an address, and an identification number. The address is a residential or business street address, or the alternatives in paragraph (a)(2)(i)(A) if there is none. A U.S. person gives a taxpayer identification number. A non-U.S. person gives a taxpayer identification number, a passport number and country of issuance, an alien identification card number, or the number and country of another government document that bears a photograph or similar safeguard. A customer who has applied for a number may open an account only if the program confirms the application was filed and the number is obtained within a reasonable time. This rule is for those banks. It is not a rule for every non-bank lender, and it is not the beneficial-ownership rule.

Written for / version

United States versionUS