1: What is a Customer Identification Program (CIP)? 2: What is a Customer Due Diligence Program (CDD), and how does it differ from a CIP? 3: How does FinCEN define a "beneficial owner" for the purposes for the purposes of its 2016 CDD Rule? 4: Identify three types of legal entity customers that are excluded from the 2016 CDD Rule. 5: Identify two of FinCEN's purposes in adopting the 2016 CDD Rule.

FATF Recommendations 10-11, 17, 24-25 Customer Identification Program regulations, 31 CFR 1020.220 Iza Wojciechowska, What is KYC and Why Does it Matter? A Closer Look at How Know Your Customer Rules Work-And How They Impact the Financial System Trulioo, FinCEN Final Rule: New Customer Due Diligence Requirements, January 9, 2018 FinCEN, Frequently Asked Questions Regarding Customer Due Diligence (CDD) Requirements for Covered Financial Institutions, 2020