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TREAS/FINCEN

RIN: 1506-AB08

Publication ID: Fall 2010

Title: Amendment to the Bank Secrecy Act Regulations--Reports of Foreign Financial Accounts
Abstract: FinCEN, a bureau of the Department of the Treasury (Treasury), is proposing to revise the regulations implementing the Bank Secrecy Act (BSA) regarding reports of foreign financial accounts. The proposed rule would clarify which persons will be required to file reports of foreign financial accounts and which accounts will be reportable. In addition, the proposed rule would exempt certain persons with signature or other authority from filing reports and would include provisions intended to prevent United States persons from avoiding this reporting requirement.
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 103.24 31 CFR 103.27 31 CFR 103.32
Legal Authority: 12 USC 1829b 12 USC 1951 to 1959 31 USC 5311 to 5314 31 USC 5316 to 5332

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	02/26/2010	75 FR 8844
NPRM Comment Period End	04/27/2010
Final Action	12/00/2010

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Mr. Robert Zak Regulatory Policy Specialist Department of the Treasury Financial Crimes Enforcement Network Suite 4600, 1099 14th Street NW., Washington, DC 20005 Phone:202 354-6038 Fax:202 354-6411 Email: robert.zak@fincen.gov