WASHINGTON, May 26 -- Federal Communications Commission has issued a proposed rule called: Enhancing Know-Your-Customer Requirements.
The proposed rule was published in the Federal Register on May 26 by Marlene Dortch, Secretary.
Summary: In this document, the Federal Communications Commission (Commission) proposes actions to provide additional clarity to fill the gap between its current Know Your Customer (KYC) requirement and the types of rigorous KYC steps necessary to protect consumers. Specifically, the Commission seeks comment on customer identification requirements for new and renewing customers, requirements for verifying, retaining, and re-verifying customer information, requiring more information from certain customers such as h...