FinCEN Relaxes the Requirements to Identify the Beneficial Owners of an Institution’s Legal Entity Customers
By: John ReVeal, Jeremy M. McLaughlin, and Joshua L. Durham
On 13 February 2026, the Financial Crimes Enforcement Network (FinCEN) issued Order FIN-2026-R001 (the Order), granting exceptive relief from FinCEN’s requirement that covered financial institutions identify the beneficial owners of their legal entity customers.
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