Final Bank Secrecy Act Regulations Are Issued

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Sunday, September 1, 1985
Author: 
Bruce Zagaris
Volume: 
1
Issue: 
1
Abstract: 
On July 8, 1985, the U.S. Department of Treausry issued a final rule establishing a new procedure under which the Secretary of Treasury may issue reporting requirements in response to money-flow and banking patterns of criminal, tax, or regulatory interest to the Treasury.  The Treasury Department, in releasing the final rule, responded to some of the 27 comments to the proposed rule.