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Regulatory Information
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2010-09-22
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Financial Crimes Enforcement Network; Anti-Money Laundering Programs; Special Due Diligence Programs for Certain Foreign Accounts
Rules and Regulations
D09002ee1bdda3db4
D09002ee1bdda3e3d
United States
Department of the Treasury
originator
org
United States Government Agency or Subagency
The Financial Crimes Enforcement Network is issuing this final rule to implement the enhanced due diligence requirements for correspondent accounts for certain foreign banks set forth in section 312 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), Pub. L. No. 107-56. Section 312 requires U.S. financial institutions to establish due diligence and, where necessary, enhanced due diligence, policies, procedures, and controls reasonably designed to detect and report money laundering through correspondent accounts and private banking accounts established or maintained by U.S. financial institutions for non-U.S. persons. We issued final rules implementing the due diligence requirements for correspondent accounts and the due diligence and enhanced due diligence requirements for private banking accounts for non-U.S. persons on January 4, 2006. This final rule completes the section 312 rulemaking process.
72 FR 44768
https://www.govinfo.gov/app/details/FR-2007-08-09/E7-15467
E7-15467
fr09au07-15
RIN 1506-AA29
4810-02-P
https://www.govinfo.gov/app/details/FR-2007-08-09/E7-15467
https://www.govinfo.gov/content/pkg/FR-2007-08-09/html/E7-15467.htm
https://www.govinfo.gov/content/pkg/FR-2007-08-09/pdf/E7-15467.pdf
Banks
Banking
Brokers
Counter-Money Laundering
Counter-Terrorism
Currency
Foreign Banking
Reporting and Recordkeeping Requirements
8 p.
44768
44775
72 FR 44768
Code of Federal Regulations
Title 31 Part 103
31 CFR Part 103
Regulation Identification Number 1506-AA29
RIN 1506-AA29
Financial Crimes Enforcement Network; Anti-Money Laundering Programs; Special Due Diligence Programs for Certain Foreign Accounts; Federal Register Vol. 72, Issue
RULE
E7-15467
DEPARTMENT OF THE TREASURY
2007-09-10
4810-02-P
E7-15467
Final rule.
The Financial Crimes Enforcement Network is issuing this final rule to implement the enhanced due diligence requirements for correspondent accounts for certain foreign banks set forth in section 312 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), Pub. L. No. 107-56. Section 312 requires U.S. financial institutions to establish due diligence and, where necessary, enhanced due diligence, policies, procedures, and controls reasonably designed to detect and report money laundering through correspondent accounts and private banking accounts established or maintained by U.S. financial institutions for non-U.S. persons. We issued final rules implementing the due diligence requirements for correspondent accounts and the due diligence and enhanced due diligence requirements for private banking accounts for non-U.S. persons on January 4, 2006. This final rule completes the section 312 rulemaking process.
This final rule is effective September 10, 2007.
Regulatory Policy and Programs Division, Financial Crimes Enforcement Network, (800) 949-2732.
Banks
Banking
Brokers
Counter-Money Laundering
Counter-Terrorism
Currency
Foreign Banking
Reporting and Recordkeeping Requirements
Currency and foreign transactions; financial reporting and recordkeeping requirements:
USA PATRIOT Act; implementation
Anti-money laundering programs; special due diligence programs for foreign accounts,
ahunt@omb.eop.gov
regcomments@fincen.treas.gov
http://www.fincen.gov/71fr516.htm
http://www.fincen.gov/reg_enforcement.html
http://www.fincen.gov/reg_section311.html
Federal Register
Vol. 72, no. 153
Office of the Federal Register, National Archives and Records Administration
2007-08-09
continuing
daily
deposited
born digital
237 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2007-08-09
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https://www.govinfo.gov/app/details/FR-2007-08-09
https://www.govinfo.gov/content/pkg/FR-2007-08-09/pdf/FR-2007-08-09.pdf
https://www.govinfo.gov/content/pkg/FR-2007-08-09/xml/FR-2007-08-09.xml
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2010-09-22
2023-05-02
FR-2007-08-09
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FR
FR-2007-08-09
72
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