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TREAS/FINCEN RIN: 1506-AA93 Publication ID: Spring 2009 
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: Previously 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
Timetable:
Action Date FR Cite
NPRM  05/00/2009    
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