Counsel

1557-AE09 201610 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Customer Due Diligence Rule

The OCC, FRB, FDIC, and NCUA plan to issue interim final rules to clarify the applicability of recent amendments to the Financial Crimes Enforcement Network (FinCEN) customer due diligence rules to the depository institutions under their supervision. FinCEN expanded its customer due diligence requirements for covered financial institutions, including banks, brokers or dealers in securities, mutual funds, and futures commission merchants and introducing brokers in commodities (FinCEN Rule). As part of that rulemaking, FinCEN amended the elements of the anti-money laundering program financial institutions must implement and maintain in order satisfy program requirements under 31 U.S.C. 5318(h)(1). The agencies are amending their anti-money laundering program rules to maintain consistency with the FinCEN Rule.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage Undetermined No 12 CFR 21 12 U.S.C. 1 12 U.S.C. 93a 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1818 12 U.S.C. 1881b-1884 12 U.S.C. 3401-3422 31 U.S.C. 5318 No Interim Final Rule 12/00/2016 No None No No No No MaryAnn Nash Counsel 1557 Comptroller of the Currency OCC 202 649-6287 maryann.nash@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219