On November 29th, the Financial Crimes Enforcement Network and the Federal Reserve Board published for comment a proposed amendment to the definitions of "funds transfer" and "transmittal of funds" under the regulations implementing the Bank Secrecy Act. The proposed amendments are necessary to maintain the current scope of funds transfers and transmittals subject to the Bank Secrecy Act in light of amendments to the Electronic Fund Transfer Act made by the Dodd-Frank Act. Comments should be submitted on or before January 25, 2013. Joint Press Release.