Regulatory Alerts2005-12-30
Added
FinCEN Ruling 2006-1 – Anti-Money Laundering Programs for Dealers in Silver
FinCEN agrees not to require persons who are dealers solely by virtue of purchasing and selling silver to establish anti-money laundering programs by January 1, 2006. This deferral applies pending the issuance of a final rule regarding the definition of precious metals. The ruling responds to a request to hold implementation in abeyance for these specific entities.
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