Which of the following is an accurate statement according to the requirements of the customer identification program regulations?
A) A bank must always require documentary verification of a customer's identification
B) A bank may waive any part of the CIP requirements if senior management approves the waiver and there is a good cause
C) A physical address or a post office box is acceptable for any new customer
D) The bank's CIP program must enable it to form a reasonable belief about the identity of the person
Correct Answer:
Verified
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