FinCEN’s New Exceptive Relief: What It Means for Beneficial Ownership

On February 13, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for Financial Institutions rule (the “2016 CDD Rule”). The order excepts covered financial institutions from the requirement to identify and verify the beneficial owners of legal entity customers at each new account opening, except in certain circumstances. Join this webinar to learn what you need to do to get into compliance and what changes should be made to your policy and procedures for BSA Customer Due Diligence.