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TREAS/FINCEN

RIN: 1506-AB01

Publication ID: Fall 2017

Title: Financial Crimes Enforcement Network: Cross-Border Electronic Transmittals of Funds
Abstract: The Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of the Treasury, in order to further its efforts against money laundering and terrorist financing, and as required by 31 U.S.C. 5318(n), is proposing to issue regulations that would require certain financial institutions to report transmittal orders associated with certain cross-border electronic transmittals of funds to FinCEN.
Agency: Department of the Treasury(TREAS)	Priority: Economically Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Yes	Unfunded Mandates: No
EO 13771 Designation: Regulatory
CFR Citation: 31 CFR 103.33(e) to 103.33(g)
Legal Authority: 12 U.S.C. 1829 12 U.S.C. 1951 to 1959 31 U.S.C. 5311 to 5314 31 U.S.C. 5316 to 5332

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	09/30/2010	75 FR 60377
NPRM Comment Period End	12/29/2010
Second NPRM	06/00/2018
Second NPRM Comment Period End	08/00/2018

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: Horacio Madinaveitia Senior Program Manager Department of the Treasury Financial Crimes Enforcement Network 1801 L Street NW., Washington, DC 20036 Phone:202 354-6423 Email: horacio.madinaveitia@fincen.gov