Home > FAQs > Compliance > Anti-Money Laundering ("AML") Programs > Does my firm have to apply the CIP to existing...

Does my firm have to apply the CIP to existing customers that open a new account?

No, provided the Member has a reasonable belief that it knows the customer’s true identity.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the futures markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy