Treasury Department: Investment fraud schemes cost consumers billions of dollars
Investment fraud schemes have surpassed business email compromise as the leading scam in terms of dollar losses to consumers, the ...
Tag: Anti-money laundering
Recent news from Treasury’s Office of Foreign Assets Control: February 2
Guidance The Office of Foreign Assets Control publishes Price Cap Coalition compliance and enforcement alert: The alert includes an overview ...
FinCEN issues alert on West Bank violence
FinCEN issued an alert for financial institutions related to the financing of what it said was Israeli extremist settler violence ...
FinCEN seeks to sever ties between Iraqi bank, U.S. financial institutions
FinCEN issued a finding concluding that the Iraqi-based Al-Huda Bank is a foreign financial institution of primary money laundering concern
Recent news from Treasury’s Office of Foreign Assets Control: January 26
The Office of Foreign Assets Control took sanctions action over the last week in the terrorism, Iran, and cyber-related programs: ...
Closing the book on account closures
The reality behind account closures is complicated and driven by the nation’s interest in protecting the financial system from a ...
Recent news from Treasury’s Office of Foreign Assets Control: January 18
The Office of Foreign Assets Control took sanctions action over the last two weeks across multiple programs: Terrorism-related Sanctions OFAC ...
FinCEN releases analysis of identity-related suspicious activity
A review of Bank Secrecy Act data filed in 2021 found that roughly 41% percent of reports were related to ...
Terrorism and money laundering aggregates published: October through December 2023
The FinCEN 314(a) Updates section is published on a periodic basis to better capture the trend line for 314(a) usage. ...
Recent news from Treasury’s Office of Foreign Assets Control: January 5
Enforcement Action OFAC Announces Settlement Agreement with PURE for Ukraine-/Russia Sanctions Violations: The Office of Foreign Assets Control on Dec. ...
