Trew to lead ABA’s Bank Secrecy Act advocacy
Heather Trew has been named SVP for Bank Secrecy Act and anti-money laundering at the American Bankers Association, effective May ...
Tag: Anti-money laundering
FinCEN releases figures on use of Bank Secrecy Act reporting data
Bank Secrecy Act filings were used in IRS criminal investigations that led to $7.7 billion in asset seizures during the ...
Treasury Department releases strategy to address financial derisking
In a new report, the Treasury Department recommended that the federal government take several steps mitigate derisking by financial instructions, ...
FinCEN reissues, expands real estate geographic targeting orders
The Financial Crimes Enforcement Network renewed and expanded its geographic targeting orders requiring U.S. title insurance companies in specified areas ...
Treasury report recommends more BSA enforcement for ‘DeFi’ sector
Many existing decentralized finance services covered by the Bank Secrecy Act fail to comply with anti-money laundering and counter-terrorism financing ...
Lawmakers criticize FinCEN’s beneficial ownership registry reporting proposal
In a letter, a bipartisan group of 12 lawmakers called on the Financial Crimes Enforcement Network to amend beneficial ownership ...
FinCEN releases guidance on upcoming BOI reporting requirements
The Financial Crimes Enforcement Network this week published its first set of guidance materials to aid the public and small ...
FinCEN issues alert for check fraud via USPS
Working with the U.S. Postal Inspection Service, FinCEN identified red flags to help banks detect, prevent and report suspicious activity ...
FATF suspends Russia’s membership, cites ongoing Ukraine war
The task force said the move was warranted by Russia’s “unlawful, immoral and unprovoked war against Ukraine."
FinCEN issues alert on Russian activity in commercial real estate
The Financial Crimes Enforcement Network this week issued an alert to financial institutions on potential attempts by Russian elites to ...
