FinCEN CDD FAQ: What is the effective date of the CDD Rule?

Compliance > BSA > FinCEN CDD/BO Rule - eff 2016
Q:  What is the effective date of the CDD Rule?
 
A.  July 11, 2016, which is 60 days from the publication of the CDD Rule in the Federal Register.
 
 
 
This FAQ, and others, was released in July 2016.  The 2016 FAQs were issued to assist institutions in understanding the scope of the Customer Due Diligence (CDD) requirements that were published in May 2016.   They may be found here:  https://www.fincen.gov/statutes_regs/guidance/pdf/FAQs_for_CDD_Final_Rule_(7_15_16).pdf
 

Add Feedback