On March 24, 2016, the Financial Crimes Enforcement Network issued a set of frequently asked questions (FAQs) regarding prepaid access. This set of FAQs is meant to supplement a previous set of FAQs issued in 2011 by FinCEN entitled “Final Rule – Definitions and Other Regulations Relating to Prepaid Access.”
The final rule issuing the 2011 set of FAQs on Prepaid Access can be found at: https://www.federalregister.gov/articles/2011/07/29/2011-19116/bank-secrecy-act-regulations-definitions-and-other-regulations-relating-to-prepaid-access.
The supplemental set of FAQs on Prepaid Access can be found at: https://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2016-G002.pdf.
