FinCEN, together with the Federal Reserve, FDIC, NCUA, and OCC, issued two new FAQs (plus an amendment to a prior CIP FAQ) confirming that banks and credit unions may rely on unexpired, government-issued verifiable digital credentials (VDCs)—including state-issued mobile driver's licenses—as documentary identity verification, provided the credential evidences nationality or residence, bears a photograph or similar safeguard, and the institution can technically extract and validate the underlying data. The amended FAQ separately clarifies that non-government-issued electronic credentials or VDCs may also serve as a non-documentary verification method, so long as the issuing third party applies an authentication standard equivalent to the institution's own.