11375983, 69U-100.1000 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11375983

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

FINANCIAL INSTITUTIONS GENERALLY

Overview

RULE:

69U-100.1000

Transactions Relating to Iran or Terrorism

PURPOSE:

The proposed rule establishes minimum standards for due diligence policies, procedures, and controls for financial institutions chartered in Florida that maintain certain accounts with foreign financial institutions, to reasonably detect whether the foreign financial institution engages in certain activities facilitating the development of mass destruction by the Government of Iran, provides support for certain foreign terrorist organizations, or participates in other related activities.

SUBJECT:

Regulation of Financial Institutions.

RULEMAKING AUTHORITY:

655.012, 120.54(1)(f) FS., SB 792 (enrolled)

LAW:

SB 792 (enrolled)

PRINT PUBLISH DATE:

4/13/2012 Vol. 38/15

RELATED STATUTES
AND LAWS:

655.012, 120.54(1)(f) FS., SB 792 (enrolled), SB 792 (enrolled)

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=69U-100.1000&PDate=4/13/2012&Section=1

REFERENCE MATERIALS:

No reference(s).

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