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TREAS/FINCEN

RIN: 1506-AA36

Publication ID: Fall 2005

Title: Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations Requirement That Insurance Companies Report Suspicious Transactions
Abstract: This document will require insurance companies to report suspicious transactions to the Department of the Treasury. The amendments constitute a further step in the creation of a comprehensive system for the reporting of suspicious transactions by the major categories of financial institutions operating in the United States as a part of the counter-money laundering program 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: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 103.16
Legal Authority: 12 USC 1829b 12 USC 1951 to 1959 31 USC 5311 to 5332

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	10/17/2002	67 FR 64067
NPRM Comment Period End	12/16/2002
Final Action	12/00/2005

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