Legal / Regulation
Source character: Regulatory
United States; covered financial institutions under 31 CFR 1010.230. Conditional relief allows beneficial ownership identification and verification to be limited to first account opening, circumstances casting doubt on previously obtained information, and risk-based ongoing due diligence, instead of repetition at every additional account opening. Read the order for its conditions and limitations; remaining BSA/AML duties continue. Official 9-page PDF checked 6 November 2026.
Authors: Financial Crimes Enforcement Network (FinCEN)
Year: 2026
Publication: U.S. Department of the Treasury; FinCEN Order FIN-2026-R001, 13 February 2026
DOI/URL: https://www.fincen.gov/system/files/2026-02/FinCEN-Order-CCDExceptiveRelief.pdf
Citation:
Financial Crimes Enforcement Network. (2026, 13 February). Order FIN-2026-R001: Exceptive relief from beneficial ownership identification and verification requirements. U.S. Department of the Treasury. Accessed 6 November 2026.