Wednesday, August 24, 2016

HERE'S TOMORROW'S FEDERAL REGISTER PROPOSED FINCEN REGULATIONS ON CIP



If you are working late tonight, or simply want to get a head start on tomorrow, here is a link to the FinCEN Notice of Proposed Rulemaking, that is scheduled for publication in tomorrow's (8/25) Federal Register. Entitled Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks lacking a Federal Functional Regulator, it extends CIP and beneficial owner requirements to banks not previously subject to such requirements.

You can review the complete text here. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.