Published on
Jul 10, 2025
FinCEN Order Allows Banks to Collect Taxpayer Information from Third Parties
In a significant move, on June 27, 2025 the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting banks and their subsidiaries an exemption from the Customer Identification Program (CIP) Rule of the U.S.A. …
Source:
JD Supra - California
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