31 CFR 1026.220 - Customer identification programs for futures commission merchants and introducing brokers

Cite as31 CFR 1026.220
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21 practice notes
  • Bankruptcy Regulations
    • United States
    • Commodity Futures Trading Commission
    • Invalid date
    ...that, for purposes of the Customer Identification Program (``CIP'') requirements applicable to futures commission merchants pursuant to 31 CFR 1026.220, the term ``account'' is defined to exclude ``[a]n account that the futures commission merchant acquires through any acquisition, merger, p......
  • Introduction to the Unified Agenda of Federal Regulatory and Deregulatory Actions
    • United States
    • Federal Register January 08, 2013
    • January 8, 2013
    ...companies (31 CFR 1025.210); customer identification programs for futures commission merchants and introducing brokers in commodities (31 CFR 1026.220); various depository institutions (31 CFR 1020.220); mutual funds (31 CFR 1024.220); securities broker-dealers (31 CFR 1023.220); report of ......
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...(requiring branches of foreign banks operating in the United States to comply with all regulations regarding CIPs). 253. See 31 C.F.R. § 1026.220(a). 254. See id. § 1024.220(a). 255. Id. § 1020.410(c)(1)–(13) (requiring that records be retained for thirteen different types of transactions u......
  • Customer Due Diligence Requirements for Financial Institutions
    • United States
    • Federal Register May 11, 2016
    • May 11, 2016
    ...\78\ 31 CFR 1020.220(a)(1); 31 CFR 1023.220(a)(1); 31 CFR 1024.220(a)(1); 31 CFR 1026.220(a)(1). --------------------------------------------------------------------------- Section 1010.230(g) New account. See discussion above under ``Identification and Section 1010.230(h) Exemptions. In th......
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4 cases
  • Commodity Futures Trading Comm'n v. HDR Glob. Trading, 1:20-cv-08132
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • May 5, 2022
    ...institution to violate the Bank Secrecy Act, in violation of 31 U.S.C. §§ 5318(h)(1) and (1), 5322(a) and (c); 31 C.F.R. §§ 1026.210 and 1026.220; and 18 U.S.C. § 2; and (2) conspiracy to commit the same offense, in violation of 18 U.S.C. § 371. United States v. Hayes, et al., 20 CR 500 (JG......
  • Konvalinka v. Fuller, No. E2017-00493-COA-R3-CV
    • United States
    • Court of Appeals of Tennessee
    • May 31, 2019
    ...But only specific types of financial institutions, such as banks, are required to implement these programs. See 31 C.F.R. §§ 1020.220, 1026.220, 1024.220; see generally 31 C.F.R. § 1010.100(t) (defining financial institutions). 7. In his appellate brief, Mr. Konvalinka belatedly attempted t......
  • Amacker v. Renaissance Asset Mgmt. Llc, No. 08–41217.
    • United States
    • United States Courts of Appeals. United States Court of Appeals (5th Circuit)
    • September 16, 2011
    ...for identity verification that would allow them to form a reasonable belief that they know the true identity of each customer. See 31 C.F.R. 1026.220(a)(2). When such a belief cannot be formed, the merchants must determine whether to refuse to open an account, close an account, or file a Su......
  • Amacker v. Renaissance Asset Mgmt. Llc, No. 08-41217
    • United States
    • United States Courts of Appeals. United States Court of Appeals (5th Circuit)
    • September 16, 2011
    ...for identity verification that would allow them to form a reasonable belief that they know the true identity of each customer. See 31 C.F.R. 1026.220(a)(2). When such a belief cannot be formed, the merchants must determine whether to refuse to open an account, close an account, or file a Su......
7 firm's commentaries
1 books & journal articles
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...(requiring branches of foreign banks operating in the United States to comply with all regulations regarding CIPs). 253. See 31 C.F.R. § 1026.220(a). 254. See id. § 1024.220(a). 255. Id. § 1020.410(c)(1)–(13) (requiring that records be retained for thirteen different types of transactions u......

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