Banks get relief from US Treasury’s customer due diligence rule
By Samuel Rubenfeld ( February 13, 2026, 18:41 GMT | Insight) -- The US Treasury Department has relaxed its rules on customer due diligence, telling financial institutions on Friday that they no longer must identify the beneficial owner of a legal entity at each new account opening.The US Treasury Department has relaxed its rules on customer due diligence, telling financial institutions on Friday that they no longer must identify the beneficial owner of a legal entity at each new account opening....
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