1506-AB40 201904 Unified Agenda of Federal Regulatory and Deregulatory Actions 1506 Financial Crimes Enforcement Network FINCEN 1500 Department of the Treasury TREAS Reports of Foreign Financial Accounts Civil Penalties

FinCEN, a bureau of the Department of the Treasury (Treasury), is amending 31 CFR 1010.820 to withdraw the reports of foreign financial accounts (FBAR) civil penalties language at 31 CFR 1010.820(g), which was made obsolete with the enactment of the American Jobs Creation Act of 2004. The American Jobs Creation Act of 2004 amended 31 U.S.C. 5321(a)(5) to allow for a greater maximum penalty for a willful violation of 31 U.S.C. 5314 than was previously authorized.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage No No Fully or Partially Exempt 31 CFR 1010.820(g) 31 U.S.C. 5321(a)(5) 31 U.S.C. 5314 No Final Action 05/00/2019 No None No No No Jaclyn Stewart N. Regulatory Policy Specialist 1506 Financial Crimes Enforcement Network FINCEN 202 354-6028 202 354-6411 jaclyn.stewart@fincen.gov 1801 L Street NW., Washington DC 20036 Adam Maddox Policy Specialist 1506 Financial Crimes Enforcement Network FINCEN 703 905-3652 202 354-6011 adam.maddox@fincen.gov 1801 "L" Street NW, Washington DC 20036