Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes that the nuances in making sure that FIs are on the "up and up" -- and short circuiting bad actors -- go far...
May 02, 2018
Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes that the nuances in making sure that FIs are on the "up and up" -- and short circuiting bad actors -- go far beyond just finding out who owns 25 percent or more.
August 10, 2023
Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. The U.S. Treasury Department will propose a rule this month that will require real estate professionals to report this information to its Financial Crimes Enforcement Network (FinCEN), Reuters reported Thursday (Aug. 10), citing unnamed sources. The Treasury […]
