Title

FinCEN Clarifies the Obligations of Clearing Firms Under the Customer Identification Program Rule
Client Newsflash

Created date

3/21/2008

On March 4, 2008, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a significant no-action position clarifying its position respecting the customer identification program rule (“CIP rule”) obligations of clearing firms.