Jan 04 2021

A Commentary On FinCEN’s Proposed KYC Requirements

published by Jan-Willem Burgers
in blog Bitcoin Magazine
original entryA Commentary On FinCEN’s Proposed KYC Requirements

fincen kyc regulation

Policy Division Financial Crimes Enforcement Network P.O. Box 39 Vienna, VA 22183 FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47 January 4, 2020 Dear Sir or Madam, The proposed regulations on currency transaction reports and record-keeping seem to require that banks and money services businesses (MSBs) be able to prove that an identified counterparty to a transaction indeed owns one or more...