US wants database for all cross-border transactions over 1,000

28th September 2010, Comments 0 comments

FinCen Financial Crimes Enforcement Network, an arm of the US Department of the Treasury, Tuesday 28 September published a proposed rule that would oblige financial market and monetary transaction businesses to report to it all transactions of 1,000 or more, into and out of the US. These businesses are already required to keep records of ...

0 Comments To This Article