Regulatory Alerts2024-03-28
Added
Request for Information: Customer Identification Program Rule Taxpayer Identification Number Collection Requirement
FinCEN seeks information and comments on whether banks should be permitted to collect partial Social Security numbers from U.S. individuals and use third-party sources to obtain full Social Security numbers prior to account opening. The notice clarifies that banks must continue to comply with the current Customer Identification Program Rule requirement to collect full Social Security numbers directly from customers. Comments must be received by May 28, 2024.
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