Tag Archives: anti-money laundering

FinCEN Expands Scope of Geographic Targeting Orders

The Financial Crimes Enforcement Network today expanded the scope of its Geographic Targeting Orders temporarily requiring certain U.S. title insurance companies in targeted areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.

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FinCEN Spotlights Victories Triggered by BSA Reports

As part of the Financial Crimes Enforcement Network’s ongoing efforts to demonstrate that financial institutions’ Bank Secrecy Act reporting is read and used, FinCEN today spotlighted six law enforcement cases that made effective use of BSA data to prosecute successfully.

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Social Engineering: The Art of Human Hacking

Each year, millions of dollars are lost to a type of fraud that’s particularly difficult to detect and stop, and it’s all based on a criminal’s ability to exploit a basic human characteristic: the tendency to trust.

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ABA Compliance Center Inbox, May/June 2016

Q: Under the Anti-Tying Rule, would a bank be prohibited from requiring a person to have a deposit or loan account at the bank in order to get a safe deposit box? A: No. Requiring a customer to have an account relationship with the bank does not violate anti-tying rules. The anti-tying rule specifically allows a bank to condition both ...

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