In May, the Financial Crimes Enforcement Network (FinCEN) issued an administrative ruling providing a 90-day exemption from the requirements of the Beneficial Ownership Rule for certain products and services that automatically renew or rollover (e.g., a Certificate of Deposit) that were established before the mandatory compliance date of May 11, 2018. The exemption was originally issued in order to determine whether, and to what extent, a further exception would be appropriate for such products and services. This exception was expected to expire on August 9, 2018, but FinCEN has extended the limited exception for an additional 30 days- through September 8, 2018.

See the document here.