Comments Due to NAFCU: FinCEN - Review of Bank Secrecy Act Regulations and Guidance
NAFCU would like to highlight the following:
- FinCEN is seeking feedback on ways to streamline, modernize, and update the Bank Secrecy Act (BSA) regulations to protect the U.S. financial system in a cost-effective manner.
- FinCEN is specifically focusing this review on the current recordkeeping and reporting requirements, and any outdated or redundant regulations and guidance.
Comments due to NAFCU: January 21, 2022
Comments due to FinCEN: February 14, 2022
NAFCU will send comments on behalf of its members to FinCEN by their deadline (February 14, 2022).