1997-05-21 - New FinCEN Rules

Header Data

From: John Young <jya@pipeline.com>
To: cypherpunks@toad.com
Message Hash: fc0eb69a1b5f58233ebd11e078b07c484e5ccf3c704822b9e82ab5c689f5beac
Message ID: <1.5.4.32.19970521131521.0089c1dc@pop.pipeline.com>
Reply To: N/A
UTC Datetime: 1997-05-21 13:41:02 UTC
Raw Date: Wed, 21 May 1997 21:41:02 +0800

Raw message

From: John Young <jya@pipeline.com>
Date: Wed, 21 May 1997 21:41:02 +0800
To: cypherpunks@toad.com
Subject: New FinCEN Rules
Message-ID: <1.5.4.32.19970521131521.0089c1dc@pop.pipeline.com>
MIME-Version: 1.0
Content-Type: text/plain


FinCEN has published today in the Federal Register
three inter-related proposals for new rules for the Bank 
Secrecy Act Regulations:

1. Changes in the scope and type of transactions to
be regulated, including, say, micro payments and
and electronic transactions such as stored value cards.

2. Changes in the reporting requirements for suspicious 
transactions and the types of institutions to be regulated, 
including "money services establishments."

3. Changes in requirements for reporting currency 
transactions, and setting a new floor at $750 (as reported 
recently in the news).

   http://jya.com/fc052197.htm  (79K)

   http://jya.com/fc052197-2.htm  (69K)

   http://jya.com/fc052197-3.htm  (63K)






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