The Financial Crimes Enforcement Network (FinCEN) has extended regulatory relief for its new Customer Due Diligence rule regarding certificate of deposit (CD) or loan accounts for another 30 days to further consider the issue.
The rule had been scheduled to expire Aug. 9, and has been extended up to and including Sept. 8.
FinCEN previously issued an administrative ruling providing 90 days of limited exceptive relief for CD or loan accounts. Read on for more details.
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