FinCEN 2017 Amendment: Did FinCEN Amend Their Customer Due Diligence Rule in 2017?

Compliance > BSA > FinCEN CDD/BO Rule - eff 2016
Q:  Did FinCEN Amend Their Customer Due Diligence Rule in 2017?
 
A:   Yes, they did issue a correction that was published in the Federal Register on September 28, 2017.  The correction was effective immediately upon publication.  Applicability date: Covered financial institutions must comply with these
rules and the rules published in the Federal Register on May 11, 2016 (81 FR 29398) by May 11, 2018.
 
 
ADDITIONAL INFORMATION:
FinCEN’s Correction for Customer Due Diligence Requirements for Financial Institutions may be found here:   https://www.gpo.gov/fdsys/pkg/FR-2017-09-28/pdf/2017-20777.pdf

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