Finanse publiczne · 07/06/2012

FinCEN Issues Final Rule to Amend Bank Secrecy Act Regulations for Payroll Customers

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued a final rule to modify the Bank Secrecy Act regulations, allowing depository institutions to exempt certain payroll customers from reporting transactions exceeding $10,000 in cash, and streamlining anti-money laundering policies.