JD Supra

FinCEN Issues Exceptive Relief From Beneficial Ownership Identification And Verification Requirements At Each Account Opening

On February 13, 2026, the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order (Order) granting certain banks, mutual funds, brokers, and dealers ...
JD Supra

FinCEN Bows to Executive Order, Relaxes Customer Due Diligence Requirements

On February 13, 2026, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an order that reduces the circumstances under which a covered financial institution (CFI) must ...