Treasury issues order, alert to Minnesota institutions on alleged fraud rings
FinCEN issued an alert urging financial institutions to identify and report fraud associated with federal child nutrition programs in Minnesota, ...
Tag: FinCEN
FinCEN targets money services businesses along southwest U.S. border
FinCEN announced it has taken multi-tiered actions against more than 100 money services businesses along the southwest U.S. border for ...
An AML year in review
Stepped-up scrutiny of transnational criminal organizations and drug cartels characterized BSA/AML enforcement in 2025.
FinCEN penalizes crypto firm for BSA violations
FinCEN assessed a $3.5 million civil penalty against the former cryptocurrency services provider Paxful for Bank Secrecy Act violations and ...
FinCEN analysis shows scope of ransomware problem
A new analysis of Bank Secrecy Act reports found that more than $2.1 billion in ransomware payments were made over ...
FinCEN issues alert on money transfers tied to illegal immigration
FinCEN has issued an alert reminding money services businesses to remain vigilant in identifying and reporting suspicious activity connected to ...
FATF updates list of jurisdictions with anti-money laundering deficiencies
FATF’s list of high-risk jurisdictions subject to a call for action remains the same, with Iran, North Korea and Burma ...
Treasury Department seeks to sever U.S. financial ties to 10 Mexican casinos
The Treasury Department announced a joint effort with Mexico to target several Mexico-based gambling establishments involved in alleged cartel-related money ...
How the Trump administration is reshaping BSA, sanctions compliance
A regulatory refocus coincides with a focus on drug trafficking, sanctions.
FinCEN identifies $9B in alleged Iranian shadow banking
FinCEN has identified approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024, ...
