Immediate Release
Today, 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 under the Customer Identification Program (CIP) Rule. The FAQs were issued jointly with staff from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency.
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