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This document outlines proposed regulations for the operation of drawbridges and amendments to financial crime enforcement rules, including information sharing procedures to deter money laundering
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Proposed rule expansion is the process of making changes or additions to an existing rule or regulation.
The regulatory agency or governing body responsible for overseeing the specific rule or regulation is required to file the proposed rule expansion.
The proposed rule expansion is typically filled out by providing detailed information about the changes or additions being proposed, along with supporting documentation and any necessary justification.
The purpose of proposed rule expansion is to update or enhance an existing rule or regulation in order to address new developments, improve effectiveness, or reflect changing circumstances.
The proposed rule expansion must include information such as the specific changes being proposed, the rationale for the change, any supporting data or research, and the potential impact or consequences of implementing the proposed expansion.
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