Finanse publiczne · 14/04/2010

FinCEN Issues Final Rule to Include Mutual Funds in Bank Secrecy Act Regulations

The Financial Crimes Enforcement Network (FinCEN) has issued a final rule to define mutual funds as financial institutions, subjecting them to Bank Secrecy Act (BSA) regulations on currency transaction reports and anti-money laundering (AML) programs, and clarifying the authority to examine mutual funds for compliance with the BSA.