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Action required OCC Sep 11, 2026

BSA/AML FAQs on Digital Credentials

The OCC issued joint FAQs on September 8, 2026, regarding the use of state-issued mobile driver's licenses and digital verifiable credentials under the Customer Identification Program rule.

The OCC issued joint FAQs on September 8, 2026, regarding the use of state-issued mobile driver's licenses and digital verifiable credentials under the Customer Identification Program rule.

What changed

Clarified compliance expectations for onboarding/KYC programs with digital identity verification.

Compliance perspective

Financial institutions should update their KYC procedures to incorporate guidelines for digital credentials.

Key date

Effective date: September 8, 2026.

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