FinCEN Issues Frequently Asked Questions Regarding Treatment of Verifiable Digital Credentials Under the Customer Identification Program Rule

Reported by FinCEN The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued answers to two new Frequently Asked Questions (FAQs) and updated one existing FAQ that address the use of state-issued mobile driver’s licenses (mDLs) and other government-issued verifiable digital credentials, which may be used to verify identities of natural person customers […]