Know Your Customer (KYC) Compliance Checklist
This comprehensive know your customer (kyc) compliance checklist ensures full regulatory compliance with BSA/AML Requirements, CDD Rule, FinCEN Customer Due Diligence. Designed for KYC Analyst / Compliance Officer professionals to maintain safety standards and pass regulatory inspections.
- Industry: Financial Services
- Frequency: Per Account Opening
- Estimated Time: 20-30 minutes
- Role: KYC Analyst / Compliance Officer
- Total Items: 32
- Compliance: BSA/AML Requirements, CDD Rule, FinCEN Customer Due Diligence
Initial Assessment
Core financial services safety and compliance checks for initial assessment.
- Identity Verification
- Address Verification
- Beneficial Ownership
- Risk Assessment
Detailed Inspection
Detailed inspection of know your customer (kyc) compliance components.
- Pep Screening
- Sanctions Screening
- Source Of Funds
- Account Purpose
Final Verification & Documentation
Final verification, documentation, and sign-off procedures.
- Ongoing Monitoring Plan
- Documentation Complete
Initial Setup & Documentation
Complete initial documentation and preparation
- Inspector / Assessor Name
- Date
- Location / Area
- Inspection Type
- Previous findings reviewed?
Safety & Compliance Verification
Verify all safety requirements are met
- All safety protocols being followed?
- Emergency exits clear and accessible?
- First aid supplies available and stocked?
- All hazards identified and controlled?
- Required PPE being worn correctly?
Operational Standards Check
Verify operational standards and procedures are maintained
- Standard operating procedures being followed?
- All equipment in proper working condition?
- Maintenance schedule current?
- All staff training current and documented?
Quality Assessment
Evaluate quality standards and performance metrics
- Quality standards met for all items checked?
- Any deficiencies or non-conformances identified?
- Root cause analysis completed for issues?
- Continuous improvement opportunities identified?
Environment & Conditions
Verify environmental conditions meet requirements
- Area clean and well-maintained?
- Adequate lighting in all areas?
- Ventilation adequate?
- Required signage visible and current?
Related Financial Services Checklists
- Annual Financial Regulatory Compliance Review
- Fraud Detection & Prevention Review
- Investment Suitability Assessment Review
- Financial Institution Business Continuity Test
- Financial IT Security Audit Checklist
- Financial Data Backup & Recovery Verification
- Bank Teller Cash Drawer Balancing
- Loan Document Verification Checklist
Related Compliance Risk Checklists
- AML / KYC Daily Compliance Check - FREE Download
- AML/KYC Customer Verification Checklist - FREE Download
- Anti-Money Laundering Compliance Review - FREE Download
- Annual Financial Regulatory Compliance Review - FREE Download
- Fraud Detection & Prevention Review - FREE Download
- Investment Suitability Assessment Review - FREE Download
- Financial Institution Business Continuity Test - FREE Download
- Trust & Fiduciary Account Audit - FREE Download
- Consumer Complaint Management Review - FREE Download
- Third-Party Vendor Risk Assessment - FREE Download
Why Use This Know Your Customer (KYC) Compliance Checklist?
This know your customer (kyc) compliance checklist helps financial services teams maintain compliance and operational excellence. Designed for kyc analyst / compliance officer professionals, this checklist covers 32 critical inspection points across 8 sections. Recommended frequency: per account opening.
Ensures compliance with BSA/AML Requirements, CDD Rule, FinCEN Customer Due Diligence. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What does the Know Your Customer (KYC) Compliance Checklist cover?
This checklist covers 32 inspection items across 8 sections: Initial Assessment, Detailed Inspection, Final Verification & Documentation, Initial Setup & Documentation, Safety & Compliance Verification, Operational Standards Check, Quality Assessment, Environment & Conditions. It is designed for financial services operations and compliance.
How often should this checklist be completed?
This checklist should be completed per account opening. Each completion takes approximately 20-30 minutes.
Who should use this Know Your Customer (KYC) Compliance Checklist?
This checklist is designed for KYC Analyst / Compliance Officer professionals in the financial services industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.