11 July 1998 Source: http://www.access.gpo.gov/su_docs/aces/aaces002.html ------------------------------------------------------------------------- [Federal Register: July 9, 1998 (Volume 63, Number 131)] [Proposed Rules] [Page 37085] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr09jy98-18] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506-AA22 Financial Crimes Enforcement Network; Bank Secrecy Act Regulations; Suspicious Transaction Reporting by Casinos and Card Clubs; Open Working Meetings AGENCY: Financial Crimes Enforcement Network, Treasury. ACTION: Meetings on proposed regulations. ----------------------------------------------------------------------- SUMMARY: The Financial Crimes Enforcement Network (``FinCEN'') will hold four working meetings to give interested persons the opportunity to discuss with Treasury officials issues regarding proposed Bank Secrecy Act regulations relating to suspicious transaction reporting by casinos and card clubs. DATES: Meeting 1: July 14, 1998 from 9:00 a.m. to 12:30 p.m., New Orleans, LA. Meeting 2: July 23, 1998 from 9:00 a.m. to 12:30 p.m., Chicago, IL. Meeting 3: August 6, 1998 from 9:00 a.m. to 12:30 p.m., Scottsdale, AZ. Meeting 4: September 9, 1998 from 9:00 a.m. to 12:30 p.m., New York, NY. ADDRESSES: Meeting 1: The Westin Canal Place, 100 Rue Iberville, New Orleans, LA 70130. Meeting 2: Holiday Inn, Chicago City Centre, 300 East Ohio Street, Chicago, IL 60611. Meeting 3: Scottsdale Hilton, 6333 North Scottsdale Road, Scottsdale, AZ 85250. Meeting 4: New York Hilton and Towers, 1335 Avenue of the Americas, New York City, NY 10019. FOR FURTHER INFORMATION CONTACT: About the proposed regulations: Len Senia, Senior Financial Enforcement Officer, FinCEN, at (703) 905-3931, or Cynthia Clark, Deputy Chief Counsel, FinCEN, at (703) 905-3758. About meeting registration: Anna Fotias, Financial Crimes Policy Analyst, FinCEN, at (703) 905-3695. SUPPLEMENTARY INFORMATION: On May 18, 1998, FinCEN issued proposed regulations (63 FR 27230) relating to suspicious transaction reporting by casinos and card clubs. The proposed regulations would require casinos and card clubs to report to the Treasury Department suspicious transactions involving at least $3,000 in funds or other assets, relevant to a possible violation of law or regulation. The proposed regulations would also require casinos and card clubs to establish procedures designed to detect occurrences or patterns of suspicious transactions and would make certain other changes to the requirements that casinos maintain Bank Secrecy Act compliance programs. FinCEN is announcing today that it will hold four meetings to discuss issues relating to the proposed regulations. Although persons attending the meetings are encouraged to discuss any of their comments, concerns, or suggestions about the proposed regulations, FinCEN hopes that the meetings will include discussion of the following matters: (1) the $3,000 threshold for reporting suspicious transactions, (2) detecting suspicious transactions, (3) compliance program requirements for casinos and card clubs, and (4) specific areas in which additional guidance would be helpful. The meetings are not intended as a substitute for FinCEN's request for written comments in the notice of proposed rulemaking published May 18, 1998. Rather, the meetings are intended to help make the comment process as productive as possible by providing a forum between the industry and FinCEN concerning issues relating to the proposed regulations. The meetings will be open to the public and will be recorded. A transcript of the meetings will be available for public inspection and copying. Accordingly, oral or written material not intended to be disclosed to the public should not be raised at the meetings. Dated: July 2, 1998. Stephen R. Kroll, Federal Register Liaison Officer, Financial Crimes Enforcement Network. [FR Doc. 98-18126 Filed 7-8-98; 8:45 am] BILLING CODE 4820-03-P