{
  "name": "Vendor Proof Index Regulatory References Cross-Reference",
  "as_of": "2026-07-14",
  "count": 4,
  "note": "Not legal advice. Verify current requirements directly with the issuing agency or your counsel.",
  "regulatory_refs": [
    {
      "abbr": "CDD Rule",
      "name": "FinCEN Customer Due Diligence Rule",
      "notes": [
        "Sets the widely-referenced 25% beneficial-ownership threshold and a separate control-person test for legal-entity customer identification. Directly binding on covered financial institutions; commonly used as a practical benchmark elsewhere.",
        "The beneficial-ownership identification standard many background-check firms reference when mapping ownership structures, even outside directly-regulated financial institutions.",
        "The most commonly cited US beneficial-ownership identification standard that verification platforms build their ownership-threshold logic around.",
        "Codified at 31 CFR 1010.230. Directly binding on covered US financial institutions; sets the 25% ownership-prong threshold plus a separate control-prong test, widely adopted as a practical benchmark by KYB platforms and non-financial businesses alike."
      ],
      "guide_slugs": [
        "supplier-verification",
        "vendor-background-check",
        "vendor-verification",
        "know-your-business-kyb"
      ],
      "guide_urls": [
        "https://vendorproofindex.com/guides/supplier-verification",
        "https://vendorproofindex.com/guides/vendor-background-check",
        "https://vendorproofindex.com/guides/vendor-verification",
        "https://vendorproofindex.com/guides/know-your-business-kyb"
      ]
    },
    {
      "abbr": "CTA / BOI",
      "name": "Corporate Transparency Act / FinCEN Beneficial Ownership Information rule",
      "notes": [
        "A federal beneficial-ownership reporting requirement administered by FinCEN. Its scope has narrowed since original enactment (a March 2025 interim final rule limited the reporting-company definition to certain foreign entities, with a final rule still pending as of mid-2026) - confirm current applicability directly with FinCEN guidance rather than assuming a fixed rule set.",
        "A federal beneficial-ownership reporting requirement administered by FinCEN, distinct from KYB verification itself (BOI reporting is a company's own filing obligation, not a check performed on a vendor). Its scope has narrowed since original enactment (a March 2025 interim final rule limited the reporting-company definition to certain foreign entities); confirm current status directly with FinCEN guidance."
      ],
      "guide_slugs": [
        "vendor-verification",
        "know-your-business-kyb"
      ],
      "guide_urls": [
        "https://vendorproofindex.com/guides/vendor-verification",
        "https://vendorproofindex.com/guides/know-your-business-kyb"
      ]
    },
    {
      "abbr": "FATF",
      "name": "Financial Action Task Force Recommendations",
      "notes": [
        "International standards for customer due diligence and beneficial-ownership transparency (Recommendations 10, 24, 25), referenced by many national verification and AML frameworks.",
        "International due-diligence standards, including enhanced due diligence for higher-risk counterparties, that shape how deep investigations are typically scoped.",
        "International standards, particularly Recommendation 10 (customer due diligence) and Recommendations 24-25 (beneficial-ownership transparency), that most national KYB-adjacent regulation is built on."
      ],
      "guide_slugs": [
        "supplier-verification",
        "vendor-background-check",
        "know-your-business-kyb"
      ],
      "guide_urls": [
        "https://vendorproofindex.com/guides/supplier-verification",
        "https://vendorproofindex.com/guides/vendor-background-check",
        "https://vendorproofindex.com/guides/know-your-business-kyb"
      ]
    },
    {
      "abbr": "OFAC SDN List",
      "name": "OFAC Specially Designated Nationals List",
      "notes": [
        "The US Treasury's primary sanctions list; screening against it is a baseline component of sanctions-aware supplier verification.",
        "The core US sanctions list screened against as part of a complete KYB process; other jurisdictions maintain their own equivalent lists."
      ],
      "guide_slugs": [
        "supplier-verification",
        "know-your-business-kyb"
      ],
      "guide_urls": [
        "https://vendorproofindex.com/guides/supplier-verification",
        "https://vendorproofindex.com/guides/know-your-business-kyb"
      ]
    }
  ]
}