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September 10, 2014

FinCEN Proposes New Rule Requiring Identification of Beneficial Owners

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This summer the Financial Crimes Enforcement Network (“FinCEN”) issued a notice of proposed rulemaking proposing a rule that, if adopted, would mandate that financial institutions require their legal entity customers to identify natural persons meeting certain ownership thresholds.

View full memo, FinCEN Proposes New Rule Requiring Identification of Beneficial Owners

Authors and Contributors

Charles Gittleman
Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York

Barnabas (Barney) Reynolds, one of the world’s leading financial institution practitioners
Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Jennifer Morton
Jennifer D. Morton

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 5187

+1 212 848 5187

+1 646 645 3072

+1 646 645 3072

New York

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