95-20841. Amendment to the Bank Secrecy Act Regulations Relating to Recordkeeping for Funds Transfers and Transmittals of Funds by Financial Institutions  

  • [Federal Register Volume 60, Number 164 (Thursday, August 24, 1995)]
    [Rules and Regulations]
    [Page 44144]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 95-20841]
    
    
    
    
    [[Page 44143]]
    
    _______________________________________________________________________
    
    Part IV
    
    Federal Reserve System
    Department of the Treasury
    
    
    
    31 CFR Part 103
    
    
    
    Bank Secrecy Act Regulations; Final Rule and Proposed Rule
    
    Federal Reserve System
    
    
    
    12 CFR Part 219
    
    
    
    Reimbursement for Providing Financial Records; Recordkeeping 
    Requirements for Certain Financial Records; Final Rule
    
    Department of the Treasury
    
    
    
    31 CFR Part 103
    
    
    
    Bank Secrecy Act Regulations; Final Rule and Proposed Rule
    
    Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 / 
    Rules and Regulations 
    
    [[Page 44144]]
    
    
    FEDERAL RESERVE SYSTEM
    
    [Docket No. R-0807]
    
    DEPARTMENT OF THE TREASURY
    
    31 CFR Part 103
    
    RIN 1506-AA16
    
    
    Amendment to the Bank Secrecy Act Regulations Relating to 
    Recordkeeping for Funds Transfers and Transmittals of Funds by 
    Financial Institutions
    
    AGENCY: Board of Governors of the Federal Reserve System; Department of 
    the Treasury.
    
    ACTION: Joint final rule; delay of effective date.
    
    -----------------------------------------------------------------------
    
    SUMMARY: On January 3, 1995, the Financial Crimes Enforcement Network 
    (FinCEN) of the Department of the Treasury (Treasury) and the Board of 
    Governors of the Federal Reserve System (Board) jointly published a 
    final rule that requires enhanced recordkeeping related to certain 
    funds transfers and transmittals of funds by financial institutions, 
    effective January 1, 1996. (60 FR 220). The Treasury and the Board have 
    delayed the effective date of the joint final rule until April 1, 1996, 
    because of the uncertainty by financial institutions as to their 
    responsibilities under the joint final rule with respect to 
    international transfers pending final action on proposed amendments to 
    the rule, which are published elsewhere in today's Federal Register.
    
    EFFECTIVE DATES: Effective August 24, 1995, the effective date of the 
    joint final rule published on January 3, 1995, at 60 FR 220, is delayed 
    until April 1, 1996.
    
    FOR FURTHER INFORMATION CONTACT:
    
        Treasury: Roger Weiner, Assistant Director, 202/622-0400; Stephen 
    R. Kroll, Legal Counsel, 703/905-3534; or Nina A. Nichols, Attorney-
    Advisor, 703/905-3598, FinCEN.
        Board: Louise L. Roseman, Associate Director, 202/452-2789; Gayle 
    Brett, Manager, Fedwire Section, 202/452-2934; Division of Reserve Bank 
    Operations and Payment Systems; Oliver Ireland, Associate General 
    Counsel, 202/452-3625; or Elaine Boutilier, Senior Counsel 202/452-
    2418, Legal Division, Board of Governors of the Federal Reserve System. 
    For the hearing impaired only, Telecommunication Device for the Deaf 
    (TDD), Dorothea Thompson, 202/452-3544.
        The effective date of the joint final rule published by the Board 
    and Treasury at 60 FR 220, January 3, 1995, is delayed for three months 
    from January 1, 1996 to April 1, 1996.
    
    Federal Register / Vol. 60, No. 164 / Thursday, August 24, 1995 / 
    Rules and Regulations
        In concurrence:
        By the Board of Governors of the Federal Reserve System, August 
    17, 1995.
    William W. Wiles,
    Secretary to the Board.
        By the Department of the Treasury,
        Dated: July 31, 1995.
    Stanley E. Morris,
    Director, Financial Crimes Enforcement Network.
    FR Doc 95-20841 Filed 08-13-95; 8:45 a.m.
    BILLING CODES: 6210-01-P, 4820-03-P
    
    

Document Information

Effective Date:
8/24/1995
Published:
08/24/1995
Department:
Treasury Department
Entry Type:
Rule
Action:
Joint final rule; delay of effective date.
Document Number:
95-20841
Dates:
Effective August 24, 1995, the effective date of the joint final rule published on January 3, 1995, at 60 FR 220, is delayed until April 1, 1996.
Pages:
44144-44144 (1 pages)
Docket Numbers:
Docket No. R-0807
RINs:
1506-AA16: Amendment to Bank Secrecy Act Regulations Relating to Recordkeeping for Funds Transfers and Transmittals of Funds by Banks and Other Financial Institutions
RIN Links:
https://www.federalregister.gov/regulations/1506-AA16/amendment-to-bank-secrecy-act-regulations-relating-to-recordkeeping-for-funds-transfers-and-transmit
PDF File:
95-20841.pdf
CFR: (2)
12 CFR 219
31 CFR 103