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FinCEN Releases FAQs on Customer Due Diligence Reqs for FIs
Monday, July 25, 2016 6:40 AM

On Tuesday, the Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions (FAQs) to assist covered financial institutions in understanding the scope of the Customer Due Diligence (CDD) Requirements for Financial Institutions,” published on May 11, 2016.

These FAQs provide interpretive guidance with respect to the CDD rule.

Read the FAQs here.

Source:  FinCEN