Compliance Blog

Aug 01, 2008
Categories: BSA

Brett Favre and BSA Magnetic Media Filing; Mr. Secretary

While we're not sure whether Mr. Favre will retire from the N.F.L., we know this for sure: FinCEN is retiring its magnetic media filing program on December 31, 2008.

Current Magnetic Media filers must transition to BSA Electronic Filing (E-Filing) no later than December 31, 2008.

Go here for additional details.

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Yesterday, Treasury Secretary Henry Paulson spoke at the Washington D.C. Exchequer Club.  (I was lucky enough to get a seat!)  Here are his remarks.  Secretary Paulson touched upon a number of issues, so I think reading his remarks is time well spent. 

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The Compliance Guy is heading back to his hometown this weekend.  Good old Towanda, Pa.  If you're traveling, be safe.  And as always, have a great weekend, everyone!