[Federal Register Volume 61, Number 81 (Thursday, April 25, 1996)]
[Rules and Regulations]
[Page 18250]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10280]



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DEPARTMENT OF THE TREASURY

31 CFR Part 103

RIN 1506-AA13


Requirement to Report Suspicious Transactions; Correction

AGENCY: Financial Crimes Enforcement Network, Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains a correction to the final rule 
requiring banks to file reports of suspicious transactions under the 
Bank Secrecy Act, which was published Monday, February 5, 1996 (61 FR 
4326).

EFFECTIVE DATE: April 25, 1996.

FOR FURTHER INFORMATION CONTACT: Charles Klingman, Office of Financial 
Institutions Policy, FinCEN (703) 905-3920; or Joseph M. Myers, 
Attorney-Advisor, Office of Legal Counsel, FinCEN, at (703) 905-3590.

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections 
require banks and other depository institutions to report to the 
Department of the Treasury under the Bank Secrecy Act any suspicious 
transactions relevant to possible violations of federal law or 
regulation.

Need for Correction

    As published, the final regulations contain an error which may 
prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication on February 5, 1996 of the final 
regulations, which were the subject of FR Doc. 96-2272, is corrected as 
follows:


Sec. 103.21  [Corrected]

    3. On page 4332, in the second column, in Sec. 103.21, paragraph 
(f), line 7, the word ``shall'' is corrected to read ``may''.

    Dated: April 22, 1996.
Anna Fotias,
Alternate Federal Register Liaison Officer, Financial Crimes 
Enforcement Network.
[FR Doc. 96-10280 Filed 4-24-96; 8:45 am]
BILLING CODE 4820-03-P