Administrative Rulings

Pursuant to its authority at 31 CFR Part 1010 Subpart G, the Financial Crimes Enforcement Network (FinCEN) may issue administrative rulings interpreting the Bank Secrecy Act (BSA) or FinCEN’s implementing regulations at 31 CFR Chapter X. Administrative rulings that are published on FinCEN’s website provide guidance to financial institutions and other requestors in complying with applicable BSA regulations. Published administrative rulings have precedential value and may be relied upon by others that are similarly situated. FinCEN does not respond substantively to every request for an administrative ruling and reserves the right to decline to provide a ruling to any request. Administrative ruling requests must be made in accordance with the requirements set out at 31 CFR 1010.711 and may be submitted to administrative.rulings@fincen.gov.

| Securities and Futures
FinCEN Publishes an Administrative Ruling Regarding Customer Identification Program and Customer Due Diligence Requirements for Designated Beneficiaries of Individual Retirement Accounts
| Casinos
Exceptive Relief for Casinos from Certain Customer Identity Verification Requirements
| Casinos, Depository Institutions, Insurance Industry, Money Services Businesses, Mortgage Co/Broker, Precious Metals/Jewelry Industry, Securities and Futures
Rescission of Administrative Ruling Regarding the Participation of Associations of Financial Institutions in the 314(b) Program (December 2020)
| Depository Institutions, Money Services Businesses
FinCEN CTR (Form 112) Reporting of Certain Currency Transactions for Sole Proprietorships and Legal Entities Operating Under a “Doing Business As” (“DBA”) Name
| Depository Institutions, Securities and Futures
Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts
| Depository Institutions, Securities and Futures
Extension of Limited Exception from Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Rollovers and Renewals
| Depository Institutions, Securities and Futures
Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Automatic Rollovers or Renewals
| Depository Institutions
Premium Finance Cash Refunds and Beneficial Ownership Requirements for Legal Entity Customers

The Financial Crimes Enforcement Network (FinCEN) is issuing this ruling to provide exceptive relief to covered financial institutions with respect to the application of the Beneficial Ownership Requirements for Legal Entity Customers (31 CFR § 1010.230) (Beneficial Ownership Rule) to premium…

| Money Services Businesses
Application of FinCEN’s Regulations to Persons Issuing Physical or Digital Negotiable Certificates of Ownership of Precious Metals

 

Dear []:

This responds to your letter of July 15, 2014, seeking an administrative ruling from the Financial Crimes Enforcement Network (“FinCEN”) on behalf of [ ] (the “Company”), regarding FinCEN’s money services business (“MSB”) regulations under the Bank Secrecy Act (“…

| Money Services Businesses
Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System

Dear [ ]:

This responds to your letter of January 6, 2014, seeking an administrative ruling from the Financial Crimes Enforcement Network (“FinCEN”) on behalf of [ ] (the “Company”), about the Company’s possible status as a money services business (“MSB”) under the Bank Secrecy Act (“BSA…