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TREAS/FINCEN

RIN: 1506-AB23

Publication ID: Fall 2013

Title: ●The Director of FinCEN Found That Liberty Reserve S.A. (Liberty Reserve) is a Financial Institution Operating Outside of the United States That is of Primary Money Laundering Concern
Abstract: Section 311 of the USA PATRIOT Act(Section 311), codified at 31 U.S.C. 5318A, grants the Director of FinCEN the authority, upon finding that reasonable grounds exist for concluding that a foreign jurisdiction, institution, class of transaction, or type of account is of "primary money laundering concern," to require domestic financial institutions and financial agencies to take certain "special measures" to address the primary money laundering concern.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR ch X 31 CFR 1010.660 (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 31 USC 5318(A)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	06/06/2013	78 FR 34008
NPRM Comment Period End	08/05/2013
Final Action	12/00/2013

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: Lee Davis Regulatory Policy Program Specialist Department of the Treasury Financial Crimes Enforcement Network 1099 14th Street NW., Suite 4600, Washington, DC 20005 Phone:202 354-6388 Fax:202 354-6411 Email: lee.davis@fincen.gov