Skip to content

Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

Click Now!


FinCEN adds FAQs on CDD requirements

FinCEN has issued Guidance FIN-2020-G002 in the form of three new FAQs regarding customer due diligence requirements for covered financial institutions. The three FAQs clarify the regulatory requirements related to—

  • obtaining customer information;
  • establishing a customer risk profile; and
  • performing ongoing monitoring of the customer relationship in order to assist covered financial institutions with their compliance obligations in these areas.

The new FAQs, developed in consultation with federal financial regulators, are in addition to those that were published on July 19, 2016, and April 3, 2018.

Filed under: 

Training View All

Penalties View All

Search Top Stories