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ARTICLE · 22 MAY 2006

FinCEN Issues Final Rule Regarding Mutual Fund Reporting of Suspicious Transactions

Goodwin Procter LLP
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The Financial Crimes Enforcement Network ("FinCEN") issued a final rule (the "Rule") that requires all mutual funds (open-end management investment companies as described in the Investment Company Act of 1940, "Mutual Funds" and each a "Mutual Fund") to report suspicious transactions to FinCEN.

United StatesFinance and Banking

In this issue:

Developments of Note

1. FinCEN Issues Final Rule Regarding Mutual Fund Reporting of Suspicious Transactions

2. NYSE Issues Guidance on Compliance Reporting Lines

3. NASD and NYSE Issue Joint Guidance Regarding the Solicitation of Substantial Charitable Contributions by Employees or Agents of Certain Customers

4. SEC Publishes Semiannual Regulatory Agenda

Other Items of Note

5. U.S. Senate Banking Committee Approves Regulatory Relief Legislation

6. Goodwin Procter to Co-Host Compliance Seminar; Host Pre-conference Cocktail Party

Developments of Note

FinCEN Issues Final Rule Regarding Mutual Fund Reporting of Suspicious Transactions

The Financial Crimes Enforcement Network ("FinCEN") issued a final rule (the "Rule") that requires all mutual funds (open-end management investment companies as described in the Investment Company Act of 1940, "Mutual Funds" and each a "Mutual Fund") to report suspicious transactions to FinCEN. The Rule requires a Mutual

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