Question

Which of the following is does not constitute customer identification process in the banking sector ?
A. confirming that date of birth form an official document
B. confirming the permanent address
C. contacting the customer by telephone, by letter or by email to confirm the Information supplied after an account had been opened
D. confirming the marital status of the customer

Answer 1

Correct Answer - D
(d) The Basel Committee on Banking Supervision in its paper on customer Due Diligence for Banks published in October 2001 referred to certain guidelines for customer identification process. As per these guidelines , the bank should verify this information by at least one of the following methods : (i) confirming the date of birth from an official documen , (ii) confirming the validity of the official documentation provided through certification by an authorised person.