FinCEN: Financial institutions reported $27 billion in elder financial exploitation
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 ...
Tag: FinCEN
FinCEN renews geographic targeting orders for residential real estate
FinCEN announced the renewal of its geographic targeting orders that require U.S. title insurance companies to identify the natural persons ...
ABA: Proposed investment adviser, real estate reporting rules need refinement
Two proposals to create new Bank Secrecy Act rules for investment advisers and professionals involved in certain residential real estate ...
FinCEN warns of financial fraud with counterfeit passport cards
FinCEN, in coordination with the U.S. State Department, issued a notice to financial institutions on fraud schemes related to the ...
ABA urges FinCEN to rethink currency transaction report requirements
A FinCEN proposal to renew without change its information collection requirements for currency transaction reports, or CTRs, severely underestimates the ...
FinCEN seeks comment on possible change to Customer Identification Data collection
FinCEN and federal banking agencies are seeking information regarding potentially allowing banks to collect only part of a Social Security ...
U.S. receives upgraded rating for beneficial ownership information reporting
The Financial Action Task Force announced that the U.S. has been upgraded to “largely compliant” with FATF Recommendation 24, which ...
FinCEN pauses certain BOI reporting due to court decision
FinCEN announced it would pause collecting beneficial ownership information from certain individuals and businesses in response to a court ruling.
FATF updates list of jurisdictions under increased monitoring
The Financial Action Task Force has updated its lists of jurisdictions with strategic anti-money laundering and countering of the financing ...
Getting ready for FinCEN’s whistleblower rule
One question facing bank employees who work in compliance is how they can file a whistleblower report without violating existing ...
