Monthly Archives: April 2018

FinCEN Publishes Additional FAQs for New CDD Rule

On April 3, the Financial Crimes Enforcement Network (FinCEN) published a long-awaited update to Frequently Asked Questions Regarding the Customer Due Diligence Requirements for Financial Institutions. The questions are about Customer Due Diligence Requirements for Financial Institutions, published on May 11, 2016, as amended on September 29, 2017. FinCEN is labeling it the CDD Rule. The [...]

April 9th, 2018|