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| News
Anti-Money Laundering Controls for Indian Tribal Casinos

The Treasury's Financial Crimes Enforcement Network (FinCEN) will issue a final rule tomorrow that brings tribal casinos under Treasury's anti-money laundering controls. The final rule delays the effective date of the rule to August 1, 1996, allowing tribal casinos sufficient time to design…

| News
Simplified Reporting System Benefits Bankers and Law Enforcement

A new regulation announced Monday will aid criminal investigations while significantly cutting costly and burdensome paperwork for America's banking community.

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the…

| News
FinCEN Announces Simplified Rules for Reporting Suspicious Activity
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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…
| News
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…

| News
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…

| News
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…

| Administrative Ruling
(Formerly known as 92-1) How should a financial institution complete a CTR when multiple transactions are aggregated and reported on a single form and all or part of the information called for in the form may not be known?

This ruling, formerly known as 92-2, was posted to the website on May 18, 2010; it was previously published via the Federal Register. Please note that references in this ruling to CTR exemptions and form numbers are outdated.

Facts:

31 U.S.C. 5313 -- Reports on Domestic Coins and…

| Administrative Ruling
(Formerly known as 89-5) How does a financial institution fulfill the requirement that it furnish information about the person on whose behalf a reportable currency transaction is being conducted?

This ruling, formerly known as 89-5, was posted to the website on May 18, 2010; it was previously published via the Federal Register. Please note that this ruling pre-dates the customer identification rules that have since been implemented.

Facts

No. 1. Linda Scott has had an…