FinCEN and four federal banking agencies issued joint guidance on 8 September 2026 confirming that a mobile driver's license counts as government-issued ID for KYC checks when opening a bank account.
FinCEN confirms mobile driver's licenses are valid ID for KYC ↗
What happened
- The guidance sets two conditions: institutions must have technology to extract credential fields, and the credential must be an allowable method under the institution's written CIP.
- Incode states it accepts mDLs in the same verification flow as physical IDs and reads them to ISO/IEC 18013-5/-7.
Why it matters to Signicat
- Regulatory guidance accepting mDLs for US CIP raises the bar for document-based onboarding vendors; Signicat's US exposure is not established in the supplied context.
- Incode's claims on mDL acceptance are vendor-stated and uncorroborated; Signicat's core markets are Nordics, Benelux, DACH, Iberia and UK, not the US.
Evidence from the source (4 quotes)
- “Two conditions apply. First, the institution must maintain the appropriate technology or systems to extract the relevant information from the credential” source ↗
- “Incode accepts mobile driver's licenses in the same verification flow institutions already run for physical documents.” source ↗
- “Joint guidance from FinCEN and the four agencies that supervise most US banks and credit unions removes that ambiguity” source ↗
- “Incode reads mDLs to the ISO/IEC 18013-5/-7 international standards for mobile driver's licenses.” source ↗
Document IDV biometricsReusable identity VCEUDI wallet eIDAS 2Thought leadershipRegulatory commentaryGlobal
3 of 3 facts verified against the source · confidence high · claude-haiku-5-5