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Amendment to the Bank Secrecy Act Regulations-Exemptions From the Requirement to Report Transactions in Currency; Interim Rule

aml-bsa-fincen · FinCEN · Rule · Published 2000-07-28 · Effective 2000-07-31 · 65 FR 46356

Document

Document number
00-18770
Federal Register citation
65 FR 46356
CFR reference
31 CFR 103
Type
Rule
Action
Interim rule with request for comments.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2000-07-28
Effective date
2000-07-31

Abstract

Rules previously issued under the Bank Secrecy Act established new procedures for exemption of transactions of retail and other businesses from the requirement that depository institutions report transactions in currency in excess of $10,000. The interim rule (the "Interim Rule") contained in this document modifies those procedures so that they will also apply to transactions involving money market deposit accounts used for business purposes. The Interim Rule also makes certain technical changes in the exemption procedures. Modification of the exemption procedures is another step in the Department of the Treasury's continuing program to increase the cost- effectiveness of the counter-money laundering policies of the Department of the Treasury.

Source

Authoritative
Federal Register document
Machine
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