Customer identification definition

Customer identification means undertaking the process of CDD.
Sample 1Sample 2Sample 3
Customer identification is defined in Section 8.11.2.
Sample 1Sample 2
Customer identification means identification of the Customer and/or representative thereof in accordance with the procedure established herein and in legal acts in force.
Sample 1Sample 2

Examples of Customer identification in a sentence

  • Xxxx and Participant acknowledge that the Custodian is subject to federal laws, including the Customer Identification Program (“CIP”) requirements under the USA PATRIOT Act and its implementing regulations, pursuant to which the Custodian must obtain, verify and record information that allows the Custodian to identify X.

  • To help the government fight the funding of terrorism and money laundering activities, the Customer Identification Program requirements established under the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub.


More Definitions of Customer identification

Customer identification means undertaking the process of CDD. Customer Due Diligence (CDD) The Company gets sufficient information necessary to establish, to their satisfaction, the identity of each new customer, whether regular or occasional and the purpose of the intended nature of relationship with an individual or dealing with the individual who is beneficial owner, authorised signatory or the power of attorney holder related to any legal entity. The Company taking note of the provisions of the Circular. The Company will obtain the customer identification information as per the Annexure - I and Annexure - II while undertaking the account based relationship.On-going Due Diligence / Monitoring of Transactions
Sample 1Sample 2
Customer identification. Program (“CIP”) Services.
Sample 1
Customer identification means undertaking the process of CDD.viii. “KYC Templates” means templates prepared to facilitate collating and reporting the KYC data to the CKYCR, for individuals and legal entities.ix. “Non-face-to-face customers” means customers who open accounts without visiting the branch/offices of the Company or meeting the officials of the Companyx. “On-going Due Diligence” means regular monitoring of transactions in accounts to ensure that they are consistent with the customers’ profile and source of funds.xi. “Periodic Updation” means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by the Reserve Bank.xii. “Politically Exposed Persons” (PEPs) are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States/Governments, senior politicians, senior government/judicial/military officers, senior executives of state-owned corporations, important political party officials, etc.xiii. “Regulated Entities” (REs) means
Sample 1
Customer identification means undertaking the process of CDD.“FATCA” means Foreign Account Tax Compliance Act of the United States of America (USA) which, inter alia, requires foreign financial institutions to report about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest.
Sample 1
Customer identification. Name: _________________________________________ Property Address: _____________________________ Project Reference: ____________________________ Proposed Distribution Date: ___________________ DEPOSITS: (Certified) (Uncertified) (Cashier's) check(s) and/or wire(s) in the amount (s) of $__________________representing: ______________________________________________. ______________________________________________. ______________________________________________. DOCUMENT(S) DEPOSITS: Type of Documents: ____________________________. ____________________________. ____________________________. CONDITIONS FOR Chicago Title Insurance Company's service as escrow agent:
Sample 1
Customer identification means undertaking the process of CDD. “Person” has the same meaning as defined in the Act and includes:
Sample 1

Related to Customer identification

  • Automatic Number Identification or "ANI" means a Feature Group D signaling parameter which refers to the number transmitted through a network identifying the billing number of the calling party.

  • Employer identification number means the Federal Social Security number used on the Employer's Quarterly Federal Tax Return, U.S. Treasury Department Form 941.

  • Vehicle identification number means the number, letters, or combination of numbers and letters

  • Unique identifier means a number or other identifier assigned by protocols established by the Nationwide Mortgage Licensing System and Registry.

  • Identification card means an identification card issued under Title 53,

  • Taxpayer Identification Number or “TIN” shall mean the Internal Revenue Service term for identification in the administration of tax laws, which includes the Social Security Number (“SSN”) and/or Employer Identification Number (“EIN”).

  • Gender identity means a person's concept of self that may be different than their birth-assigned gender and related physical characteristics, societal attitudes and expectations.