Final answer:
The statement is true; individual relationship records in CRM systems often have linked Contact records that store the customer's CIP information to comply with identity verification regulations.
Step-by-step explanation:
True or False: Individual relationship records also have Contact records linked to them and the contact record with where the customer's CIP information is stored.
This statement can be considered true, as in many customer relationship management (CRM) systems, individual relationship records, which detail interactions and transactions between a business and an individual customer, indeed have linked contact records. These contact records typically contain personal details about the customer, including CIP (Customer Identification Program) information, which is used for verifying the identity of the customer in compliance with various regulations. This setup helps businesses keep track of customer interactions and ensure they adhere to legal requirements.