FinCEN Updated Guidance: Determining CTR Exemption Eligibility

FinCEN Updates sent this bulletin at 06/11/2012 04:52 PM EDT

FinCEN today issued regulatory guidance that revises guidance originally published on August 31, 2009, and implements the following changes:

  • Relevant citations have been updated to reflect the final rule transferring FinCEN's regulations from 31 CFR § 103 to 31 C.F.R. Chapter X, effective March 1, 2011, and as published at 75 FR 65806;
  • The portion of the guidance dealing with exemption eligibility for payroll customers has been amended in accordance with the final rule amending 31 C.F.R. § 1020.315, published at 77 FR 33638 on June 7, 2012.

 http://www.fincen.gov/statutes_regs/guidance/html/FIN-2012-G003.html