Recent news from Treasury’s Office of Foreign Assets Control: October 20
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control.
Tag: Anti-money laundering
ABA: Same BSA regulations should apply to banks, digital assets
More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets, ...
Banking regulators address ‘pain points’ in suspicious activity reporting
Banking regulators reiterated that there is no supervisory or Bank Secrecy Act requirement that financial institutions conduct a review of ...
FinCEN severs Cambodian firm from U.S. financial system
FinCEN finalized a rule cutting off a Cambodian firm from the U.S. financial system, with the agency saying the firm ...
Nichols: Change is coming for compliance regulation
“Change is in the air” with respect to federal banking regulation, and that change has been overwhelmingly positive, ABA President ...
Recent news from Treasury’s Office of Foreign Assets Control: October 14
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control.
Bessent outlines policy agenda to boost community bank business model
Treasury Secretary Scott Bessent shared several steps the Trump administration plans to take to drive a “community bank comeback,” including ...
FinCEN renews residential real estate geographic targeting orders
FinCEN announced the renewal of geographic targeting orders that require U.S. title insurance companies to identify the natural persons behind ...
FinCEN, agencies release FAQ on suspicious activity reporting requirements
Treasury Secretary Scott Bessent said FAQ is part a broader effort to address “pain points” for banks with AML reporting ...
FinCEN seeks public input on Section 314(a) reporting burden
FinCEN is seeking public comment on the reporting burden under its Section 314(a) regulations, which require financial institutions to search ...
