This document provides guidance interpreting the requirements of the Bank Secrecy Act ("BSA") regulations1 as they apply to the casino and card club industries in the United States. We additionally published frequently asked questions for casinos and card clubs as FIN-2007-G005 on…
Guidance
Guidance is intended to clarify obligations or respond to questions of general applicability that arise under the Bank Secrecy Act and implementing regulations at 31 CFR Chapter X. FinCEN alerts, advisories, notices, bulletins, and fact sheets are located here. Guidance regarding beneficial ownership reporting requirements under the Corporate Transparency Act can be found here. Other information pertaining to the Anti-Money Laundering Act of 2020 is available here.
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The Financial Crimes Enforcement Network ("FinCEN") is issuing this guidance to help banks1 determine whether a customer is eligible for exemption from currency transaction reporting requirements.2 This guidance provides examples and answers to commonly asked questions…
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Rescinded December 2020
The Financial Crimes Enforcement Network ("FinCEN") is issuing this interpretive guidance to clarify the application of the rule implementing section 314(b) (the "314(b) rule")1 of the USA PATRIOT Act (the "Act").2…
Background
The Financial Crimes Enforcement Network (FinCEN) is issuing this guidance to assist banks1 in determining the appropriateness of exempting from currency transaction reporting requirements non-listed business customers that derive some portion of their annual gross…
The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to highlight loan modification/foreclosure rescue scams so that financial institutions may better assist law enforcement when filing Suspicious Activity Reports. This guidance is consistent with the Department of the…
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To assist depository institutions in completing the DOEP, FinCEN Form 110, FinCEN is providing the following guidance for items affected by this final rule.
- Depository institutions should disregard any references to biennial renewals that appear on the face of FinCEN Form 110 (…
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Registration Renewal Deadline for Certain Money Services Businesses is December 31, 2008
Update to Notice (January 9, 2009)
Please be advised that if you properly completed and mailed your registration form (revised August 2008…
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Registration Renewal Deadline for Certain Money Services Businessesis December 31, 2008
If your business is registered as a money services business (MSB), and you have continued to operate as an MSB, you must renew your registration by December 31 every two years (after…
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The Financial Crimes Enforcement Network ("FinCEN") is issuing this interpretive guidance to clarify whether a person who conducts transactions in currency or other commodities is a money services business for purposes of complying with the Bank Secrecy Act and its implementing regulations.…
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This guidance is intended to assist casinos and card clubs1 with the reporting of suspected money laundering, terrorist financing and related financial crimes. This guidance contains examples of circumstances or "red flags" - based on actual reports, the observations of examiners and…