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Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations; Defining Mutual Funds as Financial Institutions; Extension of Compliance Date

aml-bsa-fincen · FinCEN · Rule · Published 2010-10-15 · Effective 2010-10-15 · 75 FR 63382

Document

Document number
2010-25886
Federal Register citation
75 FR 63382
CFR reference
31 CFR 103
Type
Rule
Action
Final rule; extension of compliance date.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2010-10-15
Effective date
2010-10-15

Abstract

FinCEN is issuing this final rule extending the compliance date for those provisions in 31 CFR 103.33 that apply to mutual funds. On April 14, 2010, FinCEN issued a final rule that included mutual funds within the general definition of "financial institution" in regulations implementing the Bank Secrecy Act ("BSA"). The final rule subjects mutual funds to 31 CFR 103.33, which requires the creation, retention, and transmittal of records or information for transmittals of funds. FinCEN is extending, from January 10, 2011 to April 10, 2011, the date on which mutual funds must begin to comply with 31 CFR 103.33.

Source

Authoritative
Federal Register document
Machine
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