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Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Exemptions from the Requirement to Report Transactions in Currency

aml-bsa-fincen · FinCEN · Rule · Published 2008-12-05 · Effective 2009-01-05 · 73 FR 74010

Document

Document number
E8-28858
Federal Register citation
73 FR 74010
CFR reference
31 CFR 103
Type
Rule
Action
Final rule.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2008-12-05
Effective date
2009-01-05

Abstract

FinCEN is issuing this final rule to amend the Bank Secrecy Act (BSA) regulation that allows depository institutions to exempt transactions of certain persons from the requirement to report transactions in currency in excess of $10,000. Modification of the exemption procedures is a part of the Department of the Treasury's continuing effort to increase the efficiency and effectiveness of its anti-money laundering and counter-terrorist financing policies.

Source

Authoritative
Federal Register document
Machine
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