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BCS/CD-500 (Rev. 04/11) MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS BUREAU OF COMMERCIAL SERVICES Date Received (FOR BUREAU USE ONLY) This document is effective on the date filed, unless
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What is bcs cd?
BCS CD stands for Bank Compliance System Customer Due Diligence. It is a regulatory requirement for financial institutions to verify the identity of their customers.
Who is required to file bcs cd?
Financial institutions and banks are required to file BCS CD in order to comply with anti-money laundering regulations.
How to fill out bcs cd?
To fill out BCS CD, financial institutions need to collect information about their customers, such as name, address, date of birth, and identification documents.
What is the purpose of bcs cd?
The purpose of BCS CD is to prevent money laundering, terrorist financing, and other illicit activities by verifying the identity of customers.
What information must be reported on bcs cd?
BCS CD requires financial institutions to report information such as customer identity, address, and source of funds.
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