Financial institutions across the U.S. have grappled with compliance requirements under the Customer Identification Program, or CIP, rule for more than two decades.
On June 27, the Federal Deposit Insurance Corp., the...more
Financial institutions across the United States have grappled with compliance requirements under the Customer Identification Program (CIP) Rule for more than two decades. A new exemption, approved in June 2025, promises...more
7/10/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Customer Identification Program (CIP) ,
Data Collection ,
Data Security ,
Enforcement ,
Financial Institutions ,
FinCEN ,
FinTech ,
New Regulations ,
Patriot Act ,
Regulatory Reform ,
Risk Management
Newly Updated Evaluation of Corporate Compliance Programs (ECCP) Addresses AI for the First Time -
On September 23, 2024, the U.S. Department of Justice (DOJ) revised its Evaluation of Corporate Compliance Programs (ECCP)....more