FinCEN Announces July 31st Public Hearing on its ANPRM on Customer Due Diligence Requirements for Financial Institutions

To seek further clarification on issues raised, FinCEN is announcing the first in an intended series of public hearings to continue gathering information on its Advance Notice of Proposed Rulemaking (ANPRM) on Customer Due Diligence (CDD) Requirements for Financial Institutions, published in the Federal Register on March 5, 2012.

FinCEN is inviting various components of the law enforcement and regulatory communities to participate. In addition, FinCEN invites other interested parties, including industry representatives, to attend and/or provide comments at this first public hearing, to be held on July 31, 2012 at the U.S. Department of the Treasury building in Washington, D.C. FinCEN is also providing information about how to submit comments at and/or attend the hearing.

This public hearing will be held on July 31, 2012, from 9:30 a.m. to 5 p.m. Requests to attend the hearing and/or provide oral comments, written outlines of the oral comments, and the personal identification information required of those individuals who wish to enter the Treasury Department building in attendance, must be received on or before July 24, 2012. More information on the intended subsequent hearings will be provided at a later date.

Comments already received are available here.