Requirement That Currency Dealers and Exchangers Report Suspicious Transactions

PART 100—CRITERIA AND
PROCEDURES FOR PROPOSED
ASSESSMENT OF CIVIL PENALTIES

1. The authority citation for part 100
   continues to read as follows:
   Authority: 30 U.S.C. 815, 820, 957.
2. Section 100.3 is amended by
   revising the first sentence of the introductory text of paragraph (a) and by revising the Penalty Conversion Table in paragraph (g) to read as follows:
   § 100.3 Determination of penalty amount; regular assessment. (a) General. The operator of any mine in which a violation occurs of a mandatory health or safety standard or who violates any other provision of the Mine Act, shall be assessed a civil penalty of not more than $60,000. * * *

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(g) * * *
PENALTY CONVERSION TABLE
Points Penalty
($)
20 or fewer ................................... 72
21 .................................................. 80
22 .................................................. 87
23 .................................................. 94
24 .................................................. 101
25 .................................................. 109
26 .................................................. 120
27 .................................................. 131
28 .................................................. 142
29 .................................................. 153
30 .................................................. 164
31 .................................................. 178
32 .................................................. 193
33 .................................................. 207
34 .................................................. 221
35 .................................................. 237
36 .................................................. 254
37 .................................................. 273
38 .................................................. 291
39 .................................................. 310
40 .................................................. 327
41 .................................................. 354
42 .................................................. 383
43 .................................................. 409
44 .................................................. 437
45 .................................................. 463
46 .................................................. 500
47 .................................................. 536
48 .................................................. 629
49 .................................................. 749
50 .................................................. 878
51 .................................................. 1,033 52 .................................................. 1,198 53 .................................................. 1,376 54 .................................................. 1,566 55 .................................................. 1,769 56 .................................................. 2,003 57 .................................................. 2,252 58 .................................................. 2,515 59 .................................................. 2,793 60 .................................................. 3,086 61 .................................................. 3,419 62 .................................................. 3,770 63 .................................................. 4,137 PENALTY CONVERSION TABLE— Continued Points Penalty ($) 64 .................................................. 4,521 65 .................................................. 4,856 66 .................................................. 5,099 67 .................................................. 5,342 68 .................................................. 5,585 69 .................................................. 5,828 70 .................................................. 6,071 71 .................................................. 6,374 72 .................................................. 6,678 73 .................................................. 6,981 74 .................................................. 7,285 75 .................................................. 7,588 76 .................................................. 7,892 77 .................................................. 8,499 78 .................................................. 9,106 79 .................................................. 9,713 80 .................................................. 10,321 81 .................................................. 11,535 82 .................................................. 12,749 83 .................................................. 13,963 84 .................................................. 15,177 85 .................................................. 16,392 86 .................................................. 18,213 87 .................................................. 20,642 88 .................................................. 23,070 89 .................................................. 25,498 90 .................................................. 27,927 91 .................................................. 30,355 92 .................................................. 33,391 93 .................................................. 36,427 94 .................................................. 39,462 95 .................................................. 42,498 96 .................................................. 45,533 97 .................................................. 48,569 98 .................................................. 51,605 99
.................................................. 54,640 100 ................................................ 60,000

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3. Section 100.4 is amended by
   revising paragraph (a) to read as follows:
   § 100.4 Determination of penalty; single penalty assessment. (a) An assessment of $60 may be imposed as the civil penalty where the violation is not reasonably likely to result in a reasonably serious injury or illness (non-S&S) and is abated within the time set by the inspector. (1) If the violation is not abated within the time set by the inspector, the violation will not be eligible for the $60 single penalty and will be processed through either the regular assessment provision (§ 100.3) or special assessment provision (§ 100.5). (2) If the violation meets the criteria for excessive history under paragraph (b) of this section, the violation will not be eligible for the $60 single penalty and will be processed through the regular assessment provision (§ 100.3).

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4. Section 100.5 is amended by
   revising paragraph (c) to read as follows:
   § 100.5 Determination of penalty; special assessment.

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(c) Any operator who fails to correct a violation for which a citation has been issued under section 104(a) of the Mine Act within the period permitted for its correction may be assessed a civil penalty of not more than $6,500 for each day during which such failure or violation continues.

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[FR Doc. 03–3160 Filed 2–7–03; 8:45 am] BILLING CODE 4510–43–P DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506–AA34 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations— Requirement That Currency Dealers and Exchangers Report Suspicious Transactions AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Final rule. SUMMARY: This document contains amendments to the regulations implementing the statute generally referred to as the Bank Secrecy Act. The amendments require currency dealers and exchangers to report suspicious transactions to the Department of the Treasury. Further, the amendments require all money services businesses to which the suspicious transaction reporting rule applies to report transactions involving suspected use of the money services business to facilitate criminal activity. The amendments constitute a further step in the creation of a comprehensive system for the reporting of suspicious transactions by the major categories of financial institutions operating in the United States, as a part of the counter-money laundering program of the Department of the Treasury. This document also contains a technical correction to 31 CFR 103.19, changing the name of the form by which brokers and dealers in securities shall report suspicious transactions. DATES: Effective Date: March 12, 2003. Applicability Date: The applicability date is August 11, 2003. FOR FURTHER INFORMATION CONTACT:
David M. Vogt, Acting Executive Associate Director, Office of Regulatory Programs, FinCEN, (202) 354–6400; and Judith R. Starr, Chief Counsel, and Christine L. Schuetz, Attorney-Advisor,