The Federal Financial Institutions Examination Council (FFIEC) released the customer due diligence and beneficial owner sections of the FFIEC Bank Secrecy and Anti-Money Laundering Examination Manual. The mandatory compliance date for the customer due diligence requirements was May 11, 2018.
Click here for the Financial Institution Letter.
Click here for Customer Due Diligence- Overview and Examination Procedures.
Click here for Beneficial Owner for Legal Entity Customers- Overview and Examination Procedures.