Tuesday, October 11, 2011
The meeting, to be held in mid-November 2011, is designed to receive feedback from the industry on implications of recent regulatory responsibilities imposed on providers of so-called "prepaid access." FinCEN is open to receiving the industry's input on where the U.S. Department of the Treasury bureau can provide more guidance to facilitate compliance with the updated BSA regulations.
FinCEN said this meeting will build upon the bureau's overall efforts to increase its knowledge and understanding of the industry and how prepaid card providers are affected by the regulations.
Businesses interested in having representatives attend the meeting can email FinCEN at firstname.lastname@example.org by Oct. 21, 2011. What information should be contained in the email is outlined at www.fincen.gov/whatsnew/html/20111005.html .
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