FinCEN Seeks Comments on Information Collection
The Treasury Department is seeking public comments on an information collection related to its information sharing efforts with other government agencies. FinCEN said it “receives requests from law enforcement, reviews those requests, posts those requests on a secure internet website,…
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and sends notifications to designated contacts within financial institutions” across the U.S. once every two weeks. Financial institutions are required to “query their records for data matches” involving certain accounts and transactions, the agency said, and “have two weeks from the posting date of the request to respond with any positive matches.” Comments on the information collection are due Oct. 27.