View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

TREAS/FINCEN

RIN: 1506-AA34

Publication ID: Spring 2003

Title: Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations--Requirement that Currency Exchangers Report Suspicious Transactions
Abstract: This NPRM proposes to require currency exchangers to report suspicious transactions to the Department of the Treasury. The amendments constitute a further step in the creation of a comprehensive systems (to which other money services businesses are already subject) for the reporting of suspicious transactions by financial institutions. Such a system is a core component of the counter-money laundering strategy of the Department of the Treasury.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 103.20
Legal Authority: 31 USC 5318(g)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	10/17/2002	67 FR 64075
NPRM Comment Period End	12/16/2002
Final Rule	02/10/2003	68 FR 6613
Final Action Effective	03/12/2003

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
Agency Contact: Cynthia L. Clark Ms Deputy Chief Counsel Department of the Treasury Financial Crimes Enforcement Network P.O. Box 39, Vienna, VA 22183 Phone:703 905-3758 Fax:703 905-3758 Email: cynthia.clark@fincen.gov