U.S. Treasury, Fed scrap $250 transaction reporting proposal
· aol.com · popularity 31/100 · 1 similar story today · Economy & Markets (Money, Markets & Investing)
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Summary
On Nov. 6, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board withdrew a proposed change to the “Travel Rule.” The change would have required financial institutions to keep and pass along information on money transfers of $250 or more that start or end …
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