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TREAS/FINCEN | RIN: 1506-AA93 | Publication ID: Fall 2008 |
Title: ●Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations; Definition of Financial Institution To Include Mutual Funds | |
Abstract: FinCEN is proposing to amend the Bank Secrecy Act (BSA) regulation that defines “financial institution” to include mutual funds. FinCEN also is amending the definition of mutual fund in the anti-money laundering program rule for mutual funds. Lastly, FinCEN is amending the enforcement provisions to make clear that the Securities and Exchange Commission has authority to examine mutual funds to determine compliance with the requirements of the rules implementing the BSA. | |
Agency: Department of the Treasury(TREAS) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 31 CFR 103.11 31 CFR 103.130 31 CFR 103.56 | |
Legal Authority: 31 USC 5311 to 5314 31 USC 5316 to 5332 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest. | |
RIN Data Printed in the FR: No | |
Agency Contact: Eileen M. O'Neill Regulatory Policy Specialist Department of the Treasury Financial Crimes Enforcement Network 1099 14th Street NW., Suite 4600, Washington, DC 20005 Phone:202 354-6031 Fax:202 354-6411 Email: eileen.o'neill@fincen.gov |