Agencies Provide Guidance on Customer Identification Program Requirements

A set of Frequently Asked Questions (FAQs) that provide guidance on implementation of the USA Patriot Act’s Customer Identification Program requirements was issued today by the staff of the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Administration, the Department of Treasury and Treasury’s Financial Crimes Enforcement Center unit.

The guidance is available on the news release page of the OCC’s web site at: http://www.occ.treas.gov/05rellst.htm

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The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers.