Regulatory Alerts2003-01-21
Added
Requirement That Mutual Funds Report Suspicious Transactions
This proposed rule would amend 31 CFR Part 103 to require mutual funds to report suspicious transactions to the Department of the Treasury. The obligation applies to transactions conducted or attempted by, at, or through a mutual fund that involve or aggregate at least $5,000 in funds or other assets. The proposal extends existing suspicious transaction reporting requirements, previously applied to banks, money services businesses, brokers, dealers, and casinos, to the mutual fund industry.
Topics
Share