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Comment Period: FinCEN Seeks Comment on Information Collection for Purchases of Certain Bank Instruments.

FinCEN seeks comment on the renewal, without change, of a currently approved information collection found in existing Bank Secrecy Act regulations. Specifically, the regulations require recordkeeping for the issuance or sale of bank checks and drafts, cashier's checks, money orders, and traveler's checks when the issuance or sale involves the use of currency in an amount between $3,000 and $10,000, inclusive. Although no changes are proposed to the information collection itself, the 
request for comments covers a future expansion of the scope of the annual hourly burden and cost estimate associated with the regulations. Read more here.

  • March 22, 2021
  • Time: All Day