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Support Customer Identification Program (CIP) #4

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adamdecaf opened this issue May 10, 2019 · 2 comments
Open

Support Customer Identification Program (CIP) #4

adamdecaf opened this issue May 10, 2019 · 2 comments
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adamdecaf commented May 10, 2019 •
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CIP is an enhancement over KYC for customer verification and identification by including the Social Social Number to run a credit check and further affirm a legitimate authorized customer in our system.

Notes: #9
@adamdecaf adamdecaf added the enhancement New feature or request label May 10, 2019
@wadearnold
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In July 2016, FinCEN enacted new rules regarding beneficial ownership:[2] Financial institutions must collect from the legal entity customer the name, date of birth, address, and social security number or other government identification number (passport number or other similar information in the case of foreign persons)
Customer Identification Program

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We store and encrypt the SSN when creating a customer.

There's a government service that might let us validate the SSN in code. https://www.ssa.gov/employer/ssnv.htm

@adamdecaf adamdecaf self-assigned this Jun 27, 2019
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