Magnetic Filings to be Retired; BSA Blast: Return of the Quiz
Last week, FinCEN announced plans to retire its magnetic media program. In a release, FinCEN indicated:
In preparation for the retirement of the Magnetic Media program, FinCEN is no longer accepting new applications to batch file BSA forms using tapes and/or diskettes. New users who wish to batch file their BSA forms should submit these files using the BSA E-Filing system. A future announcement will reflect the mandatory transition date from the Magnetic Media program to FinCENâÂÂs BSA E-Filing system, which provides filers with a more secure, cost-effective, and efficient filing method.
You can read the FinCEN announcement here.
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The NAFCU April 2008 BSA Blast is available. In honor of the Star Wars marathon that was on TV this weekend, I think this issue of the BSA Blast could be called: Return of the Quiz. After receiving many positive comments, we included our second BSA Quiz with this month's issue. Feel free to use the quiz any way you wish. You can test yourself, train staff, or entertain guests. Access the BSA Blast and quiz here. (NAFCU log in information needed.)