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TREAS/FINCEN | RIN: 1506-AA97 | Publication ID: Spring 2009 |
Title: ●Amendment to the Bank Secrecy Act Regulations Definitions and Other Regulations Relating to Money Services Businesses | |
Abstract: The Financial Crimes Enforcement Network (FinCEN) is proposing to revise the regulations implementing the Bank Secrecy Act (BSA) regarding money services businesses (MSBs) to clarify which entities are covered by the definitions. Specifically, FinCEN is reviewing the MSB regulatory framework with a focus on providing efficient and effective regulation for the industry, as well as improving the ability of regulators, law enforcement, and FinCEN to safeguard the U.S. financial system from the abuses of terrorist financing, money laundering, and other financial crime. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 31 CFR sec 103.11(uu) (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 USC 1829b, 18 USC 1951 to 1959 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: Undetermined | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1506-AA84 | Related Agencies: Joint: TREAS/IRS; |
Agency Contact: Ms. Koko Ives Deputy Assistant Director Policy Department of the Treasury Financial Crimes Enforcement Network Suite 4600, 1099 14th Street NW., Washington, DC 20005 Phone:202 354-6014 Fax:202 354-6411 Email: koko.ives@fincen.gov Office of Regulatory Policy & Programs Department of the Treasury Financial Crimes Enforcement Network Suite 4600, 1099 14th Street NW., Washington, DC 20005 Phone:202 654-6400 |