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2. Customer Identification Program - Wikipedia

   en.wikipedia.org/wiki/Customer_Identification...

   The Customer Identification Program is intended to enable the bank to form a reasonable belief that it knows the true identity of each customer. The CIP must include new account opening procedures that specify the identifying information that will be obtained from each customer. It must also include reasonable and practical risk-based ...

3. Know your customer - Wikipedia

   en.wikipedia.org/wiki/Know_your_customer

   The CDD rule enhances CDD requirements for "U.S. banks, mutual funds, brokers or dealers in securities, futures commission merchants, and introducing brokers in commodities. [4]" The CDD rule requires that financial institutions identify and verify the identity of customers associated with open accounts. The CDD rule has four core requirements: [4]

4. Bank regulation in the United States - Wikipedia

   en.wikipedia.org/wiki/Bank_regulation_in_the...

   The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [2] Specifically, the act requires financial institutions to keep records of cash purchases of ...

5. Joint bank accounts: The pros and cons for every stage of life

   www.aol.com/finance/pros-and-cons-joint-bank...

   Joint vs. separate: Can both be the best way to bank?. Many couples find that a blend of joint and separate accounts offers the best of both worlds. This “yours, mine and ours” approach ...

6. 10 Reasons Self-Employed People Need a Business Bank Account ...

   www.aol.com/10-reasons-self-employed-people...

   Tax Simplification. Come tax season, a business account proves invaluable, as it provides a clear record of business income and expenses, making tax preparation far more straightforward. “One of ...

7. Basel III - Wikipedia

   en.wikipedia.org/wiki/Basel_III

   Basel III is the third Basel Accord, a framework that sets international standards for bank capital adequacy, stress testing, and liquidity requirements.Augmenting and superseding parts of the Basel II standards, it was developed in response to the deficiencies in financial regulation revealed by the financial crisis of 2007–08.