Regulatory Alerts2022-06-03
Added
No-Action Letter Process
The Financial Crimes Enforcement Network (FinCEN) issues an advance notice of proposed rulemaking to solicit public comment on establishing a no-action letter process for inquiries regarding anti-money laundering and countering the financing of terrorism laws. This action seeks input on whether to implement such a process, its scope, limits, and interaction with existing regulatory guidance like administrative rulings and exemptive relief. Written comments must be received on or before August 5, 2022.
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