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TREAS/FINCEN

RIN: 1506-AA97

Publication ID: Fall 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: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 31 CFR 103.11uu
Legal Authority: 12 USC 1829 18 USC 1951 to 1959 31 USC 5311 to 5314 31 USC 5316 to 5332

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	05/12/2009	74 FR 22129
NPRM Comment Period End	09/09/2009
Final Action	01/00/2010

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