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FinCEN Solicits Comments on Renewal of Bank Secrecy Act Regulations

The Financial Crimes Enforcement Network ("FinCEN"), a bureau of the U.S. Department of the Treasury ("Treasury"), requested comments regarding the continuance of (i) currency transaction reporting requirements regulations and (ii) regulations requiring depository institutions and insurance companies to report suspicious activity. Both proposals represent a renewal without change of existing Bank Secrecy Act regulations. Comments must be submitted by April 10, 2018.

Primary Sources

  1. Federal Register: Agency Information Collection Activities; Comment Request; Renewal without Change of Bank Secrecy Act Currency Transaction Reporting Requirements Regulations (83 FR 5828)
  2. Federal Register: Agency Information Collection Activities; Comment Request; Renewal without Change of Bank Secrecy Act Regulations Requiring Depository Institutions and Insurance Companies To Report Suspicious Activity (83 FR 5829)

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Tags

Regulated Activities
AML Compliance Regulatory Reporting
Sub-Activity
Currency Transaction Report
Regulated Entities
Banking Entities
Body of Law
AML Regulation
Jurisdiction
US - Federal
Organization
Treasury / FinCEN / OFAC / CFIUS
Sub-Author
FinCEN