Finanse publiczne · 30/09/2010

FinCEN Proposes Regulations to Enhance Cross-Border Fund Transmissions and Reporting

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury, is proposing new regulations to combat money laundering and terrorist financing by requiring banks and money transmitters to report cross-border electronic fund transmissions and maintain records of taxpayer identification numbers of accountholders involved in these transactions.