CIP FAQs – Has a list of known or suspected terrorists or terrorist organizations been designated for purposes of the CIP rule?

Compliance > BSA > FinCEN FAQs - CIP
Q:  Has a list of known or suspected terrorists or terrorist organizations been designated for purposes of the CIP rule?
 
A:  No such list has been designated to date.   Banks will be contacted by their functional regulators when a list is issued.  As of the time of publication, lists published by OFAC have not been designated as lists for purposes of the CIP rule.  Of course, banks are separately obligated to check these lists in accordance with OFAC’s regulations.  (January 2004)
 

ADDITIONAL INFORMATION
This FAQ was excerpted from the Interagency Interpretive Guidance on CIP Requirements that can be found at the following link:  https://www.fincen.gov/sites/default/files/guidance/faqsfinalciprule.pdf
 

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