FinCEN is issuing this final
rule to amend the Bank Secrecy Act
(BSA) regulations regarding reports of
foreign financial accounts. The rule
addresses the scope of the persons that
are required to file reports of foreign
financial accounts. The rule further
specifies the types of accounts that are
reportable, and provides filing relief in
the form of exemptions for certain
persons with signature or other
authority over foreign financial
accounts. Finally, the rule adopts
provisions intended to prevent persons
subject to the rule from avoiding their
reporting requirement.
Document Subtype:
Final Rule
Received Date:
February 24 2011, at 12:00 AM Eastern Standard Time
Start-End Page:
10234 - 10246
Comment Start Date:
February 24 2011, at 12:00 AM Eastern Standard Time
Amendment to the Bank Secrecy Act Regulations: Reports of Foreign Financial Accounts
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