Customer Due Diligence Requirements for Financial Institutions

Docket ID: FINCEN-2012-0001
Agency: Financial Crimes Enforcement Network (FINCEN)
Parent Agency: Department of the Treasury (TREAS)
FinCEN issued an advance notice of proposed rulemaking to solicit public comment on a wide range of questions pertaining to the development of a customer due diligence (CDD) regulation that would clarify, consolidate, and strengthen existing CDD obligations for financial institutions and also incorporate the collection of beneficial ownership information into the CDD framework.
RIN: 1506-AB15
Impacts and Effects: None
CFR Citation: 31 CFR 1010.100(e)
Priority: Other Significant
UA and Regulatory Plan Information open glossary dialog  
Publication Period: Spring 2014
Agenda Stage of Rulemaking: Proposed Rule
Major Rule: No
Legal Authorities: 12 USC 1829(b), 12 USC 1951 to 1959, 18 USC 1956, 18 USC 1957, 18 USC 1960, 31 USC 5311 to 5314e, 31 USC 5316 to 5332
Legal Deadlines: None
Government Levels Affected: No
Federalism Implications: No
Unfunded Mandates: No
Requires Regulatory Flexibility Analysis: No
Small Entities Affected: No
International Impacts: No
Energy Effects: No
Included in Regulatory Plan: No
ActionDateFR Citation
ANPRM03/05/201277 FR 13046
ANPRM Comment Period End06/11/2012
Public Meeting07/31/201277 FR 41334
Public Meeting09/28/201277 FR 41334
Public Meeting10/05/201277 FR 41334
NPRM Comment Period End09/00/2014
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Organization: FINCEN
Type: Rulemaking

Primary Documents

View All  (4)
Comment Period Closed
Jul 24, 2012 11:59 PM ET
Proposed Rule
Posted: 07/13/2012
ID: FINCEN-2012-0001-0095
Comment Period Closed
Jun 11, 2012 11:59 PM ET
Proposed Rule
Posted: 05/10/2012
ID: FINCEN-2012-0001-0062
Comment Period Closed
May 04, 2012 11:59 PM ET
Proposed Rule
Posted: 03/05/2012
ID: FINCEN-2012-0001-0001
Comment Period Closed
Posted: 09/12/2012
ID: FINCEN-2012-0001-0094

Supporting Documents

No documents available.


View All  (91)

Comments Received*
Regulatory Timeline
Pre Rule
Current Stage
Proposed Rule
Current Stage
Final Rule
Current Stage
Agency Contact
Michael Vallely
Senior Regulatory Program Manager
2070 Chain Bridge Road, Vienna, VA 22183-2536
Vienna, VA 22183-2536
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.