FinCEN Extends Comment Period for Prepaid Access NPRM

FinCEN has submitted a notice for publication in the Federal Register that will provide a 30-day extension of the public comment period for the following notice of proposed rulemaking (NPRM): Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Definitions and Other Regulations Relating to Prepaid Access.

The extension of time will allow additional interested parties to respond to the issues raised in the NPRM. The original comment period would have expired on July 28, 2010. The new extended comment period will expire on August 27, 2010.