On July 29th, the Financial Crimes Enforcement Network issued a final rule that amends the definitions of its Bank Secrecy Act regulations applicable to money services businesses ("MSB"). The new rule also establishes a more comprehensive regulatory approach for prepaid access. The rule puts in place suspicious activity reporting, and customer and transactional information collection requirements on providers and sellers of certain types of prepaid access similar to other categories of MSBs. The new rule is effective September 27, 2011. The compliance date is January 29, 2012. FinCEN Press Release.