Department of the Treasury June 20, 2024 – Federal Register Recent Federal Regulation Documents

As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comments on the proposed renewal, without change, of existing information collection requirements found in Bank Secrecy Act regulations that require banks, savings associations, credit unions, certain non-federally regulated banks and trust companies (collectively hereinafter "banks"), brokers-dealers, mutual funds, futures commission merchants, and introducing brokers in commodities, to develop and implement customer identification programs designed to allow the financial institutions to form a reasonable belief that they know the true identity of each of their customers. This request for comments is made pursuant to the Paperwork Reduction Act of 1995 (PRA).

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of four entities, four individuals, and two vessels that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons and vessels are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. OFAC is additionally updating the entries on the SDN List for two additional vessels. OFAC is removing one aircraft from the SDN List.