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Podcast: ABA Banking Journal Podcast
Episode: What you need to know about beneficial ownership and customer due diligence in 2025
Description: Saved by the bell? Millions of American businesses faced a January 1 deadline to register their beneficial owners with the Financial Crimes Enforcement Network — until a federal judge issued a preliminary injunction yesterday stopping FinCEN from enforcing the deadline. On the latest episode of the ABA Banking Journal Podcast — sponsored by TransUnion — ABA experts Heather Trew and Jonathan Blum discuss: What bankers and their business clients need to know about the preliminary injunction and its provisions. How the preliminary injunction does not affect financial institutions' customer due diligence requirements — even if businesses are not required to report their beneficial ownership in...