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TREAS/FINCEN

RIN: 1506-AA92

Publication ID: Spring 2009

Title: Proposed Amendment of Title 31, Money and Finance: Chapter X Initiative
Abstract: FinCEN proposes to remove part 103 of chapter I of title 31, Code of Federal Regulations and add a new chapter X to title 31 of the Code of Federal Regulations (CFR). New chapter X would contain the Bank Secrecy Act (BSA) regulations currently in part 103, which would generally be reorganized by financial industry. Moving the BSA regulations to new chapter X and organizing chapter X by financial industry would create a user-friendly way to find regulations applicable to a particular financial industry. This new organization within chapter X also allows for the renumbering of the BSA regulations in a manner that would make it easier to find regulatory requirements than under the numbering system currently used in part 103. FinCEN also proposes to make minor technical changes to the BSA regulations such as updating mailing addresses and points of contact.
Agency: Department of the Treasury(TREAS)	Priority: Info./Admin./Other
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 103
Legal Authority: 31 CFR 5311 to 5355

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	11/07/2008	73 FR 66414
NPRM Comment Period End	03/09/2009
Second NPRM	09/00/2009

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: Anna Fotias Out Reach Specialist Department of the Treasury Financial Crimes Enforcement Network P. O. Box 39, Vienna, VA 22183 Phone:703 905-3806 Email: anna.fotias@fincen.gov