beneficial ownership rule

General

May 2018: D-Day for FinCEN Customer Due Diligence and EU’s General Data Privacy Regulations

Chief compliance officers for financial institutions are going to have a rough May 2018. First, on May 11, 2018, the new CDD Rule for beneficial ownership becomes effective.  Two weeks later, on May 25, 2018, the EU’s General Data Protection Regulation becomes effective. FinCEN CDD Rule FinCEN’s new