Compliance Tools Updated to reflect FinCEN’s Exceptive Relief on Beneficial Ownership Collection

March 1, 2026

Summary:
FinCEN’s Exceptive Relief (FIN-2026-R001), issued February 13, 2026, eliminates the requirement for banks to obtain a new beneficial ownership certification each time an existing legal entity customer opens an additional account, provided the information was previously collected in accordance with Customer Due Diligence (CDD) requirements and remains accurate.

Updated Tools

In response, we have updated the following tools:

• Certification Regarding Beneficial Owners of Legal Entity Customer

• Recertification Regarding Beneficial Owners Of Legal Entity Customer

• Limited Liability Partnership Cheat Sheet

• Limited Partnership Cheat Sheet

• Professional Corporate Accounts Cheat Sheet

• LLC Cheat Sheet

• Corporate Account Cheat Sheet

• Non-Profit Corporate Accounts Cheat Sheet

• Series LLC Account Cheat Sheet