{"abstract":"FinCEN is amending the Bank Secrecy Act civil penalty regulations relating to the requirements for reporting foreign financial accounts and for reporting transactions with foreign financial agencies. The amendments remove civil penalty language, which was made obsolete with the enactment of the American Jobs Creation Act of 2004. The American Jobs Creation Act of 2004 revised the manner for computing the penalty, including providing a greater maximum penalty for willful violations than was previously authorized.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2021/12/23/2021-27623.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1010,"title":31}],"citation":"86 FR 72844","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: The final rule is effective December 23, 2021.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2021-27623","effective_on":"2021-12-23","end_page":72845,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2021/12/23/2021-27623.xml","html_url":"https://www.federalregister.gov/documents/2021/12/23/2021-27623/bank-secrecy-act-regulations-reports-of-foreign-financial-accounts-civil-penalties","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2021-27623?publication_date=2021-12-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2021-12-23/2021-27623/mods.xml","not_received_for_publication":null,"page_length":2,"page_views":{"count":4231,"last_updated":"2026-04-05 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-12-23/pdf/2021-27623.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-27623.pdf?1640180722","publication_date":"2021-12-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2021/12/23/2021-27623.txt","regulation_id_number_info":{"1506-AB53":{"issue":"202110","html_url":"https://www.federalregister.gov/regulations/1506-AB53/reports-of-foreign-financial-accounts-withdrawing-obsolete-civil-monetary-penalties","title":"Reports of Foreign Financial Accounts Withdrawing Obsolete Civil Monetary Penalties","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202110&RIN=1506-AB53&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1506-AB53"],"regulations_dot_gov_info":{"supporting_documents":[],"comments_count":0,"agency_id":"FINCEN","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=FINCEN_FRDOC_0001","supporting_documents_count":0,"docket_id":"FINCEN_FRDOC_0001","document_id":"FINCEN_FRDOC_0001-0140","regulation_id_number":null,"title":"Recently Posted FINCEN Rules and Notices.","checked_regulationsdotgov_at":"2021-12-24T04:30:10Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":72844,"subtype":null,"title":"Bank Secrecy Act Regulations-Reports of Foreign Financial Accounts Civil Penalties","toc_doc":"Reports of Foreign Financial Accounts Civil Penalties","toc_subject":"Bank Secrecy Act Regulations:\n","topics":["Administrative practice and procedure","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Brokers","Currency","Foreign banking","Foreign currencies","Gambling","Investigations","Penalties","Reporting and recordkeeping requirements","Securities","Terrorism"],"type":"Rule","volume":86}