Wynne Gray: McCaw collision innocuous
Louw finished the match with two wounds to his forehead requiring a total of 20 stitches.
When asked how he incurred the cuts, the Bath flanker said: "I'm not sure, I think it was at the bottom of a ruck".
Striking with the elbow - which falls under law 10.4a of dangerous play and misconduct - has a low-end sanction of a two-week suspension.
The citing officer has up to 36 hours after the match has ended to lodge a complaint, setting 7pm on Monday (NZT) as the deadline.
After the match, All Blacks coach Steve Hansen praised 147-test veteran McCaw for his experience and impact on the game: "We've probably got the greatest skipper in the game, and probably the greatest player we've ever seen."
The All Blacks will face either Australia or Argentina in the final with their Rugby Championship rivals meeting at Twickenham on Monday.