Skip to content
BOL Conferences
Thread Options
#1633531 - 11/30/11 03:41 PM Comment on proposed SAR & CTR changes
AUTigers65 Offline
Member
Joined: May 2006
Posts: 57
Did this quote annoy everyone else as much as it did me (coming from a source identified only as a "former Treasury official" when asked about the outcry to the proposed SAR & CTR changes - as quoted on ML.com): "What are banks supposed to say? That this whole thing is wonderful?....Banks might be crying, but we are way past the time the banks should be doing paper filing. FinCEN has actually been way too lenient in requiring this.” The majority of the complaints from banks are not solely based on the transition from paper filing. If this is typical of the feelings at the Treasury on this matter, 2012 is going to be a fun year.

Return to Top
BSA/AML/CIP/OFAC Forum
#1633536 - 11/30/11 03:43 PM Re: Comment on proposed SAR & CTR changes AUTigers65
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Maybe that is why they are a "former Treasury official"?
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z