ABA urges FinCEN to reevaluate BOI collection burden on banks
FinCEN needs to accurately calculate the burden that collection currently places on financial institutions, and to consider the parts of ...
Tag: Anti-money laundering
Recent news from Treasury’s Office of Foreign Assets Control: April 26
OFAC took significant sanctions actions over the last week on the Iran and terrorism-related sanctions programs: Iran-related Sanctions OFAC Sanctions ...
Recent news from Treasury’s Office of Foreign Assets Control: April 19
The Office of Foreign Assets Control took a number of significant sanctions actions over the last week across multiple programs: ...
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 ...
Recent news from Treasury’s Office of Foreign Assets Control: April 12
The Office of Foreign Assets Control took sanctions action over the last week in the Russia and terrorism-related programs. OFAC ...
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 ...
Recent news from Treasury’s Office of Foreign Assets Control: April 5
The Office of Foreign Assets Control took significant sanctions actions over the last week in the Russia and Iran programs: ...
Recent news from Treasury’s Office of Foreign Assets Control: March 28
The Office of Foreign Assets Control took a number of significant sanctions actions over the last week across multiple programs: ...
Terrorism and money laundering aggregates published: January through March 2024
The FinCEN 314(a) Updates section is published on a periodic basis to better capture the trend line for 314(a) usage. ...
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 ...
