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Regulatory Information
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2011-07-21
article
Bank Secrecy Act Regulations; Definitions and Other Regulations Relating to Money Services Businesses
Rules and Regulations
D09002ee1bdd00009
D09002ee1bdd000aa
United States
Department of the Treasury
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org
United States Government Agency or Subagency
United States
Financial Crimes Enforcement Network
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org
United States Government Agency or Subagency
The Financial Crimes Enforcement Network (``FinCEN''), a bureau of the Department of the Treasury (``Treasury''), is revising the regulations implementing the Bank Secrecy Act (``BSA'') regarding money services businesses (``MSBs'') to clarify which entities are covered by the definitions. The changes more clearly delineate the scope of entities regulated as MSBs, so that determining which entities are obligated to comply is more straightforward and predictable. This rulemaking amends the current MSB regulations by: ensuring that certain foreign-located persons engaging in MSB activities within the United States are subject to the BSA rules; updating the MSB definitions to reflect past guidance and rulings, current business operations, evolving technologies, and merging lines of business; and separating the provisions dealing with stored value from those dealing with issuers, sellers, and redeemers of traveler's checks and money orders.
76 FR 43585
https://www.govinfo.gov/app/details/FR-2011-07-21/2011-18309
2011-18309
fr21jy11-13
RIN 1506-AA97
4810-02-P
https://www.govinfo.gov/app/details/FR-2011-07-21/2011-18309
https://www.govinfo.gov/content/pkg/FR-2011-07-21/html/2011-18309.htm
https://www.govinfo.gov/content/pkg/FR-2011-07-21/pdf/2011-18309.pdf
Authority Delegations (Government Agencies)
Banks and Banking
Currency
Investigations
Law Enforcement
Reporting and Recordkeeping Requirements
13 p.
43585
43597
76 FR 43585
Code of Federal Regulations
Title 31 Part 1010
31 CFR Part 1010
Code of Federal Regulations
Title 31 Part 1021
31 CFR Part 1021
Code of Federal Regulations
Title 31 Part 1022
31 CFR Part 1022
Regulation Identification Number 1506-AA97
RIN 1506-AA97
Bank Secrecy Act Regulations; Definitions and Other Regulations Relating to Money Services Businesses; Federal Register Vol. 76, Issue
RULE
2011-18309
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
2011-09-19
2012-01-23
4810-02-P
2011-18309
Final rule.
The Financial Crimes Enforcement Network (``FinCEN''), a bureau of the Department of the Treasury (``Treasury''), is revising the regulations implementing the Bank Secrecy Act (``BSA'') regarding money services businesses (``MSBs'') to clarify which entities are covered by the definitions. The changes more clearly delineate the scope of entities regulated as MSBs, so that determining which entities are obligated to comply is more straightforward and predictable. This rulemaking amends the current MSB regulations by: ensuring that certain foreign-located persons engaging in MSB activities within the United States are subject to the BSA rules; updating the MSB definitions to reflect past guidance and rulings, current business operations, evolving technologies, and merging lines of business; and separating the provisions dealing with stored value from those dealing with issuers, sellers, and redeemers of traveler's checks and money orders.
Effective Date: This rule is effective September 19, 2011. Compliance Date: The compliance date for the amendments to 31 CFR 1022.380 is January 23, 2012.
The FinCEN regulatory helpline at (800) 949-2732 and select Option 1.
Authority Delegations (Government Agencies)
Banks and Banking
Currency
Investigations
Law Enforcement
Reporting and Recordkeeping Requirements
Bank Secrecy Act Regulations:
Definitions and Other Regulations Relating to Money Services Businesses
,
http://www.fincen.gov/statutes_regs/bsa/regs_proposal_comment.html
http://www.fincen.gov/statutes_regs/guidance/html/definition_of_check_casher.html
http://www.fincen.gov/statutes_regs/guidance/html/final_definition_of_frequent.html
http://www.regulations.gov
Federal Register
Vol. 76, no. 140
Office of the Federal Register, National Archives and Records Administration
2011-07-21
continuing
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279 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2011-07-21
P0b002ee180da9740
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr21jy11
https://www.govinfo.gov/app/details/FR-2011-07-21
https://www.govinfo.gov/content/pkg/FR-2011-07-21/pdf/FR-2011-07-21.pdf
https://www.govinfo.gov/content/pkg/FR-2011-07-21/xml/FR-2011-07-21.xml
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FR-2011-07-21
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FR-2011-07-21
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