FinCEN Issues Long-Awaited Guidance on the Customer Due Diligence Rule
View Client Update
Key takeaways:
-
Earlier this week, FinCEN issued its long-awaited guidance on the customer due diligence requirements that become effective on May 11, 2018.
- The guidance takes the form of 37 frequently asked questions (“FAQs”) that address a range of topics.
- Our client update highlights a few of the key topics covered in those FAQs.