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FinCEN's Office of Strategic Communications responds to questions from the media concerning Bank Secrecy Act requirements, FinCEN's mission, enforcement actions, and rulings. Media organizations with questions and/or requests for information or interviews can reach FinCEN's Office of Strategic Communications at 703-905-3770.

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Treasury Issues Revised Currency Transaction Report (CTR), Reducing Regulatory Burden on Financial Institutions
p The Treasury Department's Financial Crimes Enforcement Network (FinCEN), issued today an ADVANCE COPY of the revised Currency Transaction Report (CTR) Form 4789 and instructions. This CTR revision reduces the amount of information required on the CTR by approximately 30 percent, and substantially…
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Advisory Group Focuses on Regulatory Reduction

Ronald K. Noble, Treasury's Under Secretary for Enforcement, will chair the fourth meeting of the Bank Secrecy Act (BSA) Advisory Group today. "The BSA Advisory Group anticipated the letter and spirit of the President's recent regulatory reinvention initiative," said Under Secretary Noble. "It…

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The Treasury Department released two final rules Thursday that will for the first time require uniform recordkeeping for wire transfers under the Bank Secrecy Act (BSA).

The BSA is the core of Treasury's anti-money laundering efforts, and one of the main elements of this authority is the ability to require financial institutions to retain records that can be an invaluable tool in criminal, tax or regulatory proceedings.

"Wire transfers are the arteries of…

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Regulation To Help Casinos Fight Money Laundering, Bensten Says

Treasury Secretary Lloyd Bentsen said regulations taking effect Thursday, December 1, will give casinos new tools to counter money laundering.

"Our goal is to shape effective counter-money laundering policies while reducing unnecessary regulatory burden," Bentsen said. "We want to enable…

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Treasury Secretary Announces Bank Secrecy Act Advisory Group

Treasury Secretary Lloyd Bentsen Thursday announced the selection of 30 members to a special panel to give the Department advice on strengthening anti-money laundering programs and simplifying currency reporting forms.

The Bank Secrecy Act (BSA) Advisory Group, chaired by Treasury…