This week, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule to transfer the current Bank Secrecy Act regulations (“BSA Regulations”) to a new chapter in the Code of Federal Regulations (“CFR”) (the “Final Rule”). FinCEN has restructured the BSA Regulations so that they can be readily identified as being specific to a particular regulated industry or as being generally applicable to all regulated industries or covered persons.FinCEN Issues Final Rule to Transfer and Reorganize the Bank Secrecy Act Oct 2010
Should you wish to receive further information concerning matters discussed in this publication, please contact:
Clemente L. Vazquez-Bello
305.376.6082 ▪ [email protected]
Andres A. Fernandez
305.376.6097 ▪ [email protected]
Marina Olman
305.376.6069 ▪ [email protected]
