To view or print PDF content, download the free Adobe Acrobat Reader.
Informational Webinar Announced
On FinCEN's Money Services Businesses Final Rule
The Financial Crimes Enforcement Network (FinCEN) today announced that it will hold an informational webinar on Thursday, September 15, 2011, from 3:00 to 4:00 p.m. EDT that will highlight the new regulatory requirements of the final rule, the intent and purpose of the rule and the regulatory expectations.
On July 21, 2011 FinCEN published "Definitions and Other Regulations Relating to Money Services Businesses" (76 FR 43585) ("The MSB Final Rule") in the Federal Register. This MSB Final Rule revises the definitions to clarify what activities subject a person to the BSA rules pertaining to MSBs. The final rule ensures that certain foreign-located MSBs with U.S. customers are subject to the BSA rules. The rule also updates the MSB definitions to reflect past guidance and rulings, current business operations, evolving technologies, and merging lines of business.
During the Webinar, FinCEN representatives will discuss:
- the MSB Final Rule;
- the intent and rationale behind the rule;
- FinCEN's regulatory expectations.
MSB Final Rule Webinar Date: Thursday, September 15, 2011 Time: 3:00-4:00 p.m. EDT PC-based attendees will require: Windows® Server 2003 or newer Macintosh®-based attendees will require: Mac OS® X 10.4.8 or newer Click here for a full list of system requirements. This Webinar does not have a registration process. When it is time for the Webinar to begin, attendees should join by navigating to the following link: http://treas.yorkcast.com/webcast/Viewer/?peid=dc6ae9061c3a41e6abcd7c0a75c10a171d