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Action required OCC Sep 21, 2026

Final Rule on BSA/AML and Customer Identification Program FAQs

The OCC, in collaboration with other agencies, issued FAQs clarifying how banks may use certain digital credentials to comply with the Customer Identification Program (CIP) rule.

The OCC, in collaboration with other agencies, issued FAQs clarifying how banks may use certain digital credentials to comply with the Customer Identification Program (CIP) rule.

What changed

Updated guidance regarding state-issued mobile driver's licenses and other digital credentials.

Compliance perspective

Banks should ensure they incorporate these FAQs into their compliance programs to meet CIP requirements.

Key date

Effective date: September 8, 2026.

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