Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
c) Receives the response from the document issuing organ or from KYC
Analyst; Place posting restriction and inform the pertinent authorities if
the document is counterfeited.
The Branch Controller
a) Collects all the documents from the Customer Services Officer-Checker
submitted for the opening of an account and makes sure that the account
is opened as per the Bank’s pertinent policy and procedure;
b) Makes sure that the name of the newly opened account holder is not in
the mal-operation list for all current accounts opened;
c) Signs on the documents to ascertain the correctness and accuracy of the
newly opened accounts;
d) Makes sure that all opening document received agree with the daily
opened account list on the system.
e) Opens a new mandate file in the name of the account holder and keeps all
relevant documents under the senior branch controller or his/her
custody.
f) Copies and forward all the relevant documents for saving accounts
opened by corporate customers, all demand deposit account and any
other suspicious new accounts to KYC Analyst/Customer Service Manager
(in the absence of KYC analyst) and follow-up the authentication within
fifteen days.
g) Collects the authenticated documents and keeps with the opening
documents.
The KYC analyst-at Branch
a) Checks daily account opened for fulfillment of customer information per
the KYC requirement of the bank
CATS Procedure | 59