# Amendment to the Bank Secrecy Act Regulations Relating to Recordkeeping for Funds Transfers and Transmittals of Funds by Banks and other Financial Institutions
> **US Federal Reserve System** · Joint final rule; delay of effective date. · Published 1996-04-01 · Effective 1996-04-01 · 61 FR 14382
## Document
- **Document number:** 96-7683
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 61 FR 14382
- **CFR reference:** 12 CFR 219
- **Publication date:** 1996-04-01
- **Effective date:** 1996-04-01
- **Docket:** Docket No. R-0807
## Abstract

On January 3, 1995, the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury (Treasury) and the Board of Governors of the Federal Reserve System (Board) jointly published a final rule that requires enhanced recordkeeping related to certain funds transfers and transmittals of funds by financial institutions, effective January 1, 1996. (60 FR 220). On August 24, 1995, the Treasury and the Board delayed the effective date of the joint final rule until April 1, 1996, because of the uncertainty by financial institutions as to their responsibilities under the joint final rule with respect to international transfers pending final action on proposed amendments to the rule (60 FR 44144). To ensure that there is an adequate implementation period following final action on the proposed amendments, which are published elsewhere in today's Federal Register, the Treasury and the Board have delayed the effective date of the joint final rule until May 28, 1996.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/04/01/96-7683/amendment-to-the-bank-secrecy-act-regulations-relating-to-recordkeeping-for-funds-transfers-and)
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