NACUBO

My NacuboWhy Join: Benefits of Membership

E-mail:   Password:   

 Remember Me? | Forgot password? | Need an online account?

Initiatives
Initiatives
Loading

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.

TextPDF