Treasury: Reporting Foreign Financial Accounts Proposed Rule
Federal Register, February 26, 2010, Page 8844-8854
Agency
Financial Crimes Enforcement Network (FinCEN), Treasury
Action
Notice of proposed rulemaking
Summary
FinCEN, a bureau of the Department of the Treasury (Treasury), is proposing to revise the regulations implementing the Bank Secrecy Act (BSA) regarding reports of foreign financial accounts. The proposed rule would clarify which persons will be required to file reports of foreign financial accounts and which accounts will be reportable. In addition, the proposed rule would exempt certain persons with signature or other authority over foreign financial accounts from filing reports and would include provisions intended to prevent United States persons from avoiding this reporting requirement.
Dates
Written comments on the notice of proposed rulemaking may be submitted on or before April 27, 2010.
Addresses
You may submit comments, identified by RIN 1506-AB08, by any of the following methods: Federal e-rulemaking portal: http://www.regulations.gov. Refer to Docket Number Fincen-2009-0008 and follow the instructions for submitting comments. Mail: FinCEN, P.O. Box 39, Vienna, VA 22183. Include RIN 1506-AB08 in the body of the text. Inspection of comments: Comments may be inspected, between 10 a.m. and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing to inspect the comments submitted must request an appointment with the Disclosure Officer by telephoning (703) 905-5034 (not a toll-free call).
Further Information
Regulatory Policy and Programs Division, FinCEN (800) 949-2732 and select option 1.