The Director, FinCEN, or his
designee may issue a written ruling interpreting the relationship
between this chapter and each situation for which such a ruling has
been requested in conformity with section 1010.711. A ruling issued
under this section shall bind FinCEN only in the event that the request
describes a specifically identified actual situation. A ruling issued
under this section shall have precedential value, and hence may be
relied upon by others similarly situated, only if FinCEN makes it
available to the public through publication on the FinCEN Web site
under the heading “Administrative rulings” or other appropriate forum.
All rulings with precedential value will be available by mail to any
person upon written request specifically identifying the ruling sought.
FinCEN will make every effort to respond to each requestor within
90 days of receiving a request. (Approved by the Office of Management
and Budget under control number 1506-0050.)
