Tag Archives: anti-money laundering

New FinCEN Deputy Director Named

FinCEN announced that Jamal El-Hindi will be FinCEN's new deputy director. El-Hindi joined FinCEN in 2006 where he was head of the former regulatory policy and programs division.

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FinCEN Underscores Culture of Compliance at BSA Conference

In remarks at the 2015 Bank Secrecy Act Conference in Las Vegas, Nevada on June 18, the Financial Crimes Enforcement Network's (FinCEN) associate director of enforcement, Stephanie Brooker, focused on three main points: the importance of Bank Secrecy Act (BSA) and Suspicious Activity Report (SAR) filings; FinCEN's enforcement approach; and promoting a strong culture of compliance in the financial industry.

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ABA Seeks Clearer Guidance from FinCEN on Andorra Bank Proposal

In a comment letter filed this week, ABA and the Clearing House expressed their support to the Financial Crimes Enforcement Network's goal on protecting the U.S. financial system from money laundering, terrorist financing and financial crimes, but offered suggestions on FinCEN's proposal to impose special measures against Banca Privada d’Andorra.

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FinCEN Spotlights Victories Triggered by BSA Reports

Responding to industry concerns that their Bank Secrecy Act reporting goes unread or unused, the Financial Crimes Enforcement Network yesterday spotlighted six law enforcement cases in which prosecutors made effective use of BSA data to win. The inaugural Law Enforcement Awards were conceived as a way to show financial institutions that their reports are not “going into a black hole,” FinCEN ...

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