Financial Crimes Enforcement Network; Proposed Amendment to the Bank Secrecy Act RegulationsRequirement of Money Transmitters and Money Order and Traveler's Check Issuers, Sellers, and Redeemers To Report Suspicious Transactions

الملخص

The Financial Crimes Enforcement Network (``FinCEN'') is proposing to amend the Bank Secrecy Act regulations to require money transmitters, and issuers, sellers, and redeemers, of money orders and traveler's checks, to report suspicious transactions involving at least $500 in funds or other assets. The proposal is a further step in the creation of a comprehensive system (to which banks are already subject) for the reporting of suspicious transactions by financial institutions. Such a system is a core component of the counter-money laundering strategy of the Department of the Treasury.