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US financial regulators confirm verifiable digital credentials satisfy customer identification requirements

EU / International · 8 Oct 2026

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On 8 September 2026, US federal banking and financial regulators issued updated FAQs confirming that state-issued mobile driver's licenses and other government-issued verifiable digital credentials may satisfy Customer Identification Program (CIP) compliance requirements. The clarification removes regulatory uncertainty and permits financial institutions to use digital credentials in customer onboarding, subject to appropriate controls.

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