WASHINGTON (8/13/09)—The Credit Union National Association (CUNA) has issued a regulatory comment call on the Financial Crimes Enforcement Network’s (FinCEN) proposed amendments to the Bank Secrecy Act’s (BSA) money services business (MSB) provisions. The revisions clarify which entities are covered by the BSA regulations and update the MSB regulations and definitions to reflect past guidance and rulings, current business operations, evolving technologies, and emerging business lines. The revisions would also apply the rules of the BSA to some foreign-based MSBs with ties to the U.S. The proposed rule also seeks comment from the industry on stored value products. While the proposed rule does not make any substantive changes at this time, FinCEN is seeking comment from the industry on stored value products to assist with a future rulemaking. Comments are due to CUNA by Aug. 26. Comments solicited by FinCEN should be submitted by Sept. 9. To view the CUNA comment call, use the link.