United States:
US Financial Crimes Enforcement Network Publishes Technical Amendments To Anti-Money Laundering Regulations
06 December 2016
Shearman & Sterling LLP
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On November 4, 2016, the US Financial Crimes Enforcement Network
published technical amendments to anti-money laundering (AML)
regulations implemented pursuant to the Bank Secrecy Act (BSA). The
final FinCEN rule, which became effective November 4, 2016, removes
and replaces outdated references to obsolete BSA forms, removes
references to outdated forms of recordkeeping storage media and
replaces other outdated terms and references.
The text of the final rule is available at: https://www.gpo.gov/fdsys/pkg/FR-2016-11-04/pdf/2016-26557.pdf.
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