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N E W CLU B PRO PO SA L 2016-2017 G E N E VA C O L L E G E B E AV E R FA L L S PA 1 5 0 1 0 CEN TER F OR STUD EN T E N G AGEMEN T THANK YOU FOR YOUR I NTEREST Hello from the Center for Student Engagement We are so excited to see that you are interested in forming a new club Through this experience we hope to answer any of your questions get you excited about leadership and start you down the path to establishing an impactful club for students on Geneva s campus. O Incomplete packets will be...
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What is new clu?
New CLU stands for New Customer Due Diligence and refers to the process of collecting information about new customers to assess potential risks.
Who is required to file new clu?
Financial institutions and designated non-financial businesses and professions are required to file New CLU.
How to fill out new clu?
To fill out New CLU, the entity must gather information such as customer identification, beneficial ownership information, and risk assessments.
What is the purpose of new clu?
The purpose of New CLU is to prevent money laundering and terrorist financing by ensuring that entities have sufficient information about their customers.
What information must be reported on new clu?
Information such as customer identification, beneficial ownership information, and risk assessments must be reported on New CLU.
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