Money Laundering, Terrorism and Financial Institutions - USA Patriot Act Monitor

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9/09/2005 Money Laundering Program and Records Need Not Be Kept in English; Translation Must Be Available

Responding to a question posed by a money services business, FinCEN states that there is no prohibition against a business writing its AML program or keeping its BSA required records in a language other than English. FinCEN acknowledges that using another language may help the business in complying with AML requirements, particularly if the first language of the "owners, operators, employers, or customers" is not English.  Nevertheless, "an accurate English translation of any requested documents, records, or programs required to be maintained under the Bank Secrecy Act" must be made available for review "within a reasonable period of time" after an official request.  

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