Banking compliance workflow for Tallyfy

Get customer due diligence right from account opening

CIP deficiencies create compliance headaches that are far harder to fix later. This workflow guides new account staff through ID verification, OFAC screening, and risk assessment so every account opening satisfies regulatory requirements upfront.

3 steps

3 fields

Import into Tallyfy Preview steps

Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and assign verification tasks to your new account staff with applicant details captured at kickoff

Configure form fields to capture ID type, OFAC screening results, beneficial ownership status, and risk rating with dropdown options for each

Track each account opening through Tallyfy with 1-hour deadlines to ensure CIP requirements are completed before the account goes live

Import this template into Tallyfy

Process steps

Collect and verify identification

1 hours from previous step

task

Obtain government-issued photo identification. Record the ID type, number, issuing authority, and expiration date. Compare the photo to the person in front of you. For business accounts, also obtain business formation documents and beneficial ownership information per 31 CFR 1010.230.

Form fields in this step

ID Type *

ID Verified *

Beneficial Ownership Collected (Business)

Verify SSN/TIN and run OFAC check

1 hours from previous step

task

Obtain and verify Social Security Number for individuals or Tax ID Number for businesses. Run the customer through OFAC sanctions screening. Do not open accounts for anyone on the SDN list. Document any potential matches and how they were resolved.

Form fields in this step

SSN/TIN Verified *

OFAC Screening Result *

Assess customer risk and complete account opening

1 hours from previous step

task

Based on customer information, assign an initial risk rating. Consider occupation, expected account activity, geographic factors, and any red flags. High-risk customers require enhanced due diligence. Complete the account opening documentation.

Form fields in this step

Risk Rating Assigned *

Account Opened Successfully *

New Account Number