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TREAS/FINCEN RIN: 1506-AB26 Publication ID: Spring 2018 
Title: Financial Crimes Enforcement Network: 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 amend the regulations implementing the Bank Secrecy Act (BSA) regarding reports of foreign financial accounts (FBAR).  The proposed changes are intended to clarify which persons will be required to file reports of foreign financial accounts and what information is reportable.  The proposed changes are intended to amend two provisions of the FBAR regulation: 1) signature or other authority; and 2) special rules.  Treasury is considering whether we can achieve relevant statutory objectives at a lower cost.

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
CFR Citation: 31 CFR 1010.350   
Legal Authority: 31 U.S.C. 5311 to 5330   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/10/2016  81 FR 12613   
NPRM Comment Period End  05/09/2016 
Final Action  07/00/2018 
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:
Jaclyn N. Stewart
Regulatory Policy Specialist
Department of the Treasury
Financial Crimes Enforcement Network
1801 L Street NW.,
Washington, DC 20036
Phone:202 354-6028
Fax:202 354-6411
Email: jaclyn.stewart@fincen.gov

Russell G. Stephenson
Senior Program Manager, Policy Division
Department of the Treasury
Financial Crimes Enforcement Network
1801 L Street NW.,
Washington, DC 20036
Phone:202 354-6012
Fax:202 354-6411
Email: russell.stephenson@fincen.gov