US Fed, FinCEN withdraw proposed rule lowering recordkeeping thresholds
( November 6, 2026, 15:42 GMT | Official Statement) -- MLex Summary: The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board withdrew a 2020 proposed rule that would have amended the recordkeeping and travel rule regulations under the Bank Secrecy Act. Under the proposal, banks would have been required to collect and retain records for international transfers above $250; the threshold will remain $3,000 following the withdrawal.Document attached....
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