1506-AB45 202404 Unified Agenda of Federal Regulatory and Deregulatory Actions 1506 Financial Crimes Enforcement Network FINCEN 1500 Department of the Treasury TREAS Withdraw Obsolete Civil Money Penalty Provisions for BSA Violations

FinCEN is amending 31 CFR 1010.820 to withdraw the civil money penalty provisions for Bank Secrecy Act (BSA) violations that are obsolete. Statutory amendments have been made to specific civil BSA penalties since the regulation was last revised. In addition, the Federal Civil Penalties Inflation Adjustment Act of 1990 as amended, 28 U.S.C. 2461 note, requires agencies to issue regulations making annual adjustments reflecting the effect of inflation for civil penalties expressed in terms of a dollar amount. Those inflation adjustments are correctly captured in a separate regulation, and therefore the obsolete and inconsistent provisions will be withdrawn.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Long-Term Actions No No 31 CFR 1010.820 12 U.S.C. 1829(b) 12 U.S.C. 1951 to 1960 31 U.S.C. 5311 to 5314 31 U.S.C. 5316 to 5336 No Final Action To Be Determined No No None No No No No FinCEN Regulatory Support Section 1506 Financial Crimes Enforcement Network FINCEN 800 767-2825 frc@fincen.gov P.O. Box 39, Vienna VA 22183