Tagged: FinCEN beneficial ownership rules

FinCEN Issues Guidance for Beneficial Ownership Regulations

Financial institutions face an important deadline – May 11, 2018 is the effective date for the new customer due diligence regulations governing beneficial ownership requirements.  FinCEN provided financial institutions nearly two years to prepare for the implementation date. FinCEN issued comprehensive guidance on the new regulations and has sought to clarify as many issues as possible.  (See HERE for Copy).  There is no question that...