SIC/NAIC Codes Training

Industry codes are initially set up by the KYC Owner/ Sales Rep when the GFCID is created.

• False

• True

How the SIC/NAIC Codes field is completed?

• Maker Searches

• Inherited from AMC

• KYCO Confirmation

It is sufficient to reference the group/parent’s codes/activity ?

• False

• True

For Onboarding (New Clients): We can perform research utilizing documentary, non-documentary methods, or a combination of both?

• False

• True

For Periodic Review/Client Refresh (PR/CR): In the case that no evidence or documentation is found, we need to obtain confirmation from the KYC Owner?

• False

• True

If the research evidences that the current industry codes require change or additional codes need to be added, KYC Owner Approval must be obtained?

• False

• True

There are some type of records that have specific SIC/NAIC Codes?

• False

• True