In a recent Debevoise Update, published on The CLS Blue Sky Blog, partner Satish M. Kini and associates Zila Reyes Acosta-Grimes and Robert T. Dura discuss the U.S. Treasury Department’s Financial Crimes Enforcement Network’s (FinCEN) long-awaited frequently asked questions addressing new customer due diligence requirements. The update offers guidance to covered financial institutions and industry associations seeking clarity on key topics raised in the FAQ.
"Debevoise Discusses FinCEN’s Guidance on the Customer Due Diligence Rule"
By Satish M. Kini, Zila Reyes Acosta-Grimes and Robert T. Dura
April 17, 2018