Department of the Treasury July 21, 2011 – Federal Register Recent Federal Regulation Documents

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Submission for OMB Review; Comment Request

Document Number: 2011-18378

Type: Notice

Date: 2011-07-21

Agency: Department of the Treasury

https://regulations.justia.com/regulations/fedreg/2011/07/21/2011-18378.html

Bank Secrecy Act Regulations; Definitions and Other Regulations Relating to Money Services Businesses

Document Number: 2011-18309

Type: Rule

Date: 2011-07-21

Agency: Department of the Treasury, Financial Crimes Enforcement Network

The Financial Crimes Enforcement Network (``FinCEN''), a bureau of the Department of the Treasury (``Treasury''), is revising the regulations implementing the Bank Secrecy Act (``BSA'') regarding money services businesses (``MSBs'') to clarify which entities are covered by the definitions. The changes more clearly delineate the scope of entities regulated as MSBs, so that determining which entities are obligated to comply is more straightforward and predictable. This rulemaking amends the current MSB regulations by: ensuring that certain foreign-located persons engaging in MSB activities within the United States are subject to the BSA rules; updating the MSB definitions to reflect past guidance and rulings, current business operations, evolving technologies, and merging lines of business; and separating the provisions dealing with stored value from those dealing with issuers, sellers, and redeemers of traveler's checks and money orders.

https://regulations.justia.com/regulations/fedreg/2011/07/21/2011-18309.html

Office of Thrift Supervision Integration; Dodd-Frank Act Implementation

Document Number: 2011-18231

Type: Rule

Date: 2011-07-21

Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury

The Office of the Comptroller of the Currency (OCC) is adopting amendments to its regulations governing organization and functions, availability and release of information, post-employment restrictions for senior examiners, and assessment of fees to incorporate the transfer of certain functions of the Office of Thrift Supervision (OTS) to the OCC pursuant to Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The OCC also is amending its rules pertaining to preemption and visitorial powers to implement various sections of the Act; change in control of credit card banks and trust banks to implement section 603 of the Act; and deposit- taking by uninsured Federal branches to implement section 335 of the Act.

https://regulations.justia.com/regulations/fedreg/2011/07/21/2011-18231.html