JD Supra

FinCEN’s Customer Due Diligence Rule Becomes Effective; FinCEN and FINRA Guidance Provides Interpretive Color for Firms Working to Comply

May 11, 2018 marked the compliance date for the Customer Due Diligence Requirements for Financial Institutions rule [1] issued by the U.S. Treasury Department’s Financial Crimes Enforcement Network ...
JD Supra

FinCEN Customer Due Diligence Rule Proposal

On July 30, 2014, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued proposed rules (the “Proposed Rules”) to clarify and strengthen customer due diligence ...
Finextra

The importance of KYC and Due Diligence in business

KYC (Know Your Customer) and Due Diligence are key elements for the successful operation of any business, especially in today's globalized world, where the risks of fraud and financial crimes are ...