Financial Crimes Enforcement Network May 2016 – Federal Register Recent Federal Regulation Documents
Results 1 - 1 of 1
Customer Due Diligence Requirements for Financial Institutions
FinCEN is issuing final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for: Banks; brokers or dealers in securities; mutual funds; and futures commission merchants and introducing brokers in commodities. The rules contain explicit customer due diligence requirements and include a new requirement to identify and verify the identity of beneficial owners of legal entity customers, subject to certain exclusions and exemptions.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.