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FinCEN digital credential guidance leaves banks responsible for identity assurance

FinCEN digital credential guidance leaves banks responsible for identity assurance

2026-10-16  Per Henrikson

The guidance gives digital credentials a clearer role in bank onboarding, but accepting a government-issued credential does not automatically establish that a financial institution knows its customer’s true identity. Banks must still evaluate the credential, the verification process and any indications of fraud.


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