Alert July 20, 2010

FinCEN Extends Deadline for Comments on Proposed Rules for Providers and Sellers Prepaid Access

FinCEN extended the deadline for comments on its proposed rules for providers and sellers of prepaid access until August 27, 2010.  The proposed rules, which were discussed in the June 29, 2010 Alert, would expand the anti-money laundering obligations of providers and sellers of prepaid access.  The original deadline for comments had been July 28, 2010.