Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the National Credit Union Administration, collectively the federal banking agencies (FBAs), with the concurrence of the Financial Crimes Enforcement Network (FinCEN), grant an exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and their subsidiaries to commercial customers to facilitate purchases of property and casualty insurance policies.
Subject:
[+]
BSA/AML, OFAC and Fraud
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2018/fil18052.pdf
Format:
PDF
Release Date:
09/28/2018
Update Date:
09/28/2018
Withdrawn Date:
10/09/2020
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC);Board of Governors of the Federal Reserve System;Office of the Comptroller of the Currency (OCC);Financial Crimes Enforcement Network (FinCEN);National Credit Union Administration (NCUA);
Fdic Employee Involved:
Lisa Arquette
Law Involved:
Bank Secrecy Act;Anti-Money Laundering;Couter-Terrorist Financing;
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings)
FIL Number:
FIL-52-2018
Main Document Checksum:
[+]
urn:sha256:feef0ded98286f66d5c36e2f072bb6992b4bef933f3a0b2131fe9d1660cd9fab
Download URL:
https://archive.fdic.gov/view/fdic/6841/fdic_6841_DS1.pdf
File Type:

Supporting Files

• Order Granting CIP Exemption

  pdf

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