FinCEN Announces September 28 Customer Due Diligence Roundtable; Releases Prepared Remarks from July Hearing
September 20, 2012
Authored by: Bryan Cave Leighton Paisner
FinCEN recently announced that it would hold the second in a series of outreach events on the advanced notice of proposed rulemaking (ANPR) published in March 2012 on customer due diligence (CDD) and beneficial ownership requirements for financial institutions. FinCEN is seeking further clarification on a number of issues and to engage with representatives from affected financial institutions on these issues at the roundtable discussion.
The roundtable discussion is scheduled for September 28, 2012 at the U.S. Commodity Futures Trading Commission offices in Chicago, Illinois. The morning session (9:00 a.m. to 12:00 p.m. Central time) is for futures commission merchants and introducing brokers; the afternoon session (1 p.m. to 4 p.m. Central time) is for all other interested financial institutions. Requests to attend the roundtable are due by September 21.