Financiën en markten · 7-9-19951 min lezen
Proposed Amendment to the Bank Secrecy Act Regulations Requirement to Report Suspicious Transactions
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Samenvatting
The Financial Crimes Enforcement Network (``FinCEN'') is proposing rules for the centralized filing with it of reports of suspicious transactions under the Bank Secrecy Act. The proposal is a key to the creation of a new method for the reporting, on a uniform ``Suspicious Activity Report,'' of suspicious transactions and known or suspected criminal violations by depository institutions; related rules have been or will be issued by the five federal financial supervisory agencies that examine and regulate the safety and soundness of depository institutions. The new centralized reporting system will eliminate the need for burdensome filing of multiple copies of reports with various federal regulatory and law enforcement agencies and will ensure more effective use of the information reported to such agencies.