Regulatory Alerts2013-04-25
Added · Updated
Order Imposing Recordkeeping and Reporting Obligations on U.S. Financial Institutions Regarding Transactions Involving Halawi Exchange Co
The Director of FinCEN issued an order effective April 23, 2013, requiring covered financial institutions and principal money transmitters to identify and report transactions involving Halawi Exchange Co. through August 21, 2013. These entities must collect specific participant and transaction details and submit them via an encrypted CD-ROM or an attached CSV file within a BSA-SAR, due within fifteen business days of the transaction or awareness of an attempted transaction. Willful failure to provide timely, accurate, and complete information may result in civil and criminal penalties under 31 U.S.C. 5321 and 5322.
More like this from FINCEN
FINCEN published 2 documents in the last 30 days. We email you each new one the day it's published.