Browsing: Bank Secrecy Act

Compliance and Risk

Suspicious activity reports related to wildlife trafficking—which includes the illicit trade of protected animals, animal parts and derivatives thereof in violation of international or domestic law, and associated money laundering activity—“trended significantly up” between 2018 and 2020, and are expected to increase even more in 2021, FinCEN said in a new threat analysis released today.

Compliance and Risk

As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued a request for information seeking feedback on how it can streamline, modernize and update anti-money laundering and countering the financing of terrorism rules in the U.S.

1 2 3 22