IFRITLEAKS
Threshold for the Requirement To Collect, Retain, and Transmit Information on Funds Transfers and Transmittals of Funds That Begin or End Outside the United States, and Clarification of the Requirement To Collect, Retain, and Transmit Information on Transactions Involving Convertible Virtual Currencies and Digital Assets With Legal Tender Status; Withdrawal
WASHINGTON, D.C. — FinCEN and the Board (collectively, the "Agencies") are withdrawing the joint notice of proposed rulemaking (NPRM) published on October 27, 2020, that proposed modifying the threshold in the Agencies' rules implementing the Bank Secrecy Act (BSA) requiring financial institutions to collect and retain information on certain funds transfers and transmittals of funds. The NPRM would have reduced this threshold from $3,000 to $250 for funds transfers and transmittals of funds that begin or end outside the United States. FinCEN additionally proposed reducing from $3,000 to $250 the threshold in FinCEN's rule requiring financial institutions to transmit to other financial institutions in the payment chain information on funds transfers and transmittals of funds that begin or end outside the United States. The NPRM also would have clarified the meaning of "money" as used in the Agencies' rules…
- FILE
- IF-12BA24
- AUTHORITY
- U.S. Treasury, Financial Crimes Enforcement Network
- TYPE
- Anti-Money-Laundering
- PUBLISHED
- 09 November 2026 · 00:00 UTC
- FIRST SEEN
- 08 November 2026 · 15:30 UTC
- ORIGINAL
- https://www.federalregister.gov/documents/2026/11/09/2026-22809/threshold-for-the-requirement-to-collect-retain-and-transmit-information-on-funds-transfers-and
- SHA-256
- bae60b635b8a4edae6fa72fe1019d22b4a535e086723d028b57121bc0fb384be
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