View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

TREAS/FINCEN

RIN: 1506-AB27

Publication ID: Spring 2016

Title: Patriot Act Section 311 Action Regarding FBME, a Financial Institution of Primary Money Laundering Concern Operating Outside of the United States
Abstract: The Director of FinCEN found that a financial institution operating outside of the United States is of primary money laundering concern pursuant to 31 U.S.C. 5318a. FinCEN issued a notice of proposed rulemaking (NPRM) to propose the imposition of special measures to address the risks of money laundering posed by the financial institution.
Agency: Department of the Treasury(TREAS)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Yes	Unfunded Mandates: No
CFR Citation: 31 CFR ch X (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 31 U.S.C. 5318A

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	07/22/2014	79 FR 42486
NPRM Comment Period End	09/22/2014
Final Action	07/29/2015	80 FR 45057
Final Action Effective	08/28/2015
Supplemental NPRM; Reopening of Comment Period	11/27/2015	80 FR 74064
Reopening of Comment Period End	01/26/2016
Reviewing Comments	01/27/2016
Final Action	06/00/2016

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: Richard May Director, Special Measures Department of the Treasury Financial Crimes Enforcement Network 1801 L Street, 7th Floor, Washington, DC 20036 Phone:202 354-6022 Fax:703 905-3885 Email: richard.may@fincen.gov