The Financial Crimes Enforcement Network reminded that, as of March 1st, its reorganized rules and regulations within new Chapter X of Title 31 of the Code of Federal Regulations (CFR) became effective. The reorganization does not make any substantive changes; it simply streamlines the Bank Secrecy Act regulations into general and industry-specific Parts, making the regulatory obligations clearer in their structure and more accessible to affected financial institutions. FinCEN Press Release. On March 3rd, the federal banking regulatory agencies issued an interagency statement on the reorganization of the regulations. Interagency Statement.