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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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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.
Financial institutions and banks are required to file BCS CD in order to comply with anti-money laundering regulations.
To fill out BCS CD, financial institutions need to collect information about their customers, such as name, address, date of birth, and identification documents.
The purpose of BCS CD is to prevent money laundering, terrorist financing, and other illicit activities by verifying the identity of customers.
BCS CD requires financial institutions to report information such as customer identity, address, and source of funds.
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