Compliance officers in financial services have long struggled with aspects of Customer Due Diligence, better known as the CDD Rule. This fall, compliance professionals are scratching their heads to ...

On Monday, the Financial Crimes Enforcement Network (FinCEN) issued new Frequently Asked Questions (FAQs) regarding customer due diligence (CDD) requirements for covered financial institutions. The ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Financial crime challenges even the most diligent of ...

This story was originally published on March 20, 2024. According to additional reporting by The New York Times Magazine (published September 8, 2025) that builds on this story, JPMorgan Chase filed a ...