FinCEN issues alert on Iran, commercial aviation parts procurement
FinCEN issued an alert for financial institutions on identifying and reporting procurement networks supporting Iran’s aviation industry. The alert was ...
Tag: Bank Secrecy Act
FinCEN identifies nearly $13B in suspected crypto investment scams
Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period ...
Twenty-five years later
How September 11, 2001 reshaped banking — and the people who protect it.
Agencies issue guidance about customer communications, suspicious activity reports
FinCEN and the banking agencies issued a joint statement clarifying that confidentiality requirements related to suspicious activity reports do not ...
FinCEN: Financial institutions flagged nearly $5B linked to suspected human smuggling
While depository institutions filed only 3% of BSA reports on possible human smuggling, their reports accounted for approximately 61%, or ...
ABA: More work needed to harmonize BSA/sanctions requirements for stablecoin issuers
ABA supports requiring stablecoin issuers to comply with the Bank Secrecy Act and sanctions requirements, but proposed rulemaking to establish ...
FinCEN issues statement on Bank Secrecy Act compliance, Venezuelan disaster aid
FinCEN will not take any supervisory or legal actions against U.S. financial institutions for providing authorized financial services in Venezuela ...
ABA seeks equal treatment for all institutions under proposed stablecoin BSA, sanctions rule
ABA supports the OCC’s proposed approach to treat stablecoin issuers like financial institutions for Bank Secrecy Act and sanctions compliance, ...
FinCEN to finalize revised beneficial ownership reporting rule ‘very soon’
In addition, ABA said that while it applauded recent steps taken by the Treasury Department and FinCEN to modernize the ...
Fed seeks comments on changes to AML program rules, aligns with other agencies
Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention ...
