FinCEN issues alert on oil smuggling schemes along southwest border
In addition, OFAC sanctioned three Mexican nationals and two Mexico-based entities involved in a drug trafficking and fuel theft network ...
Tag: Bank Secrecy Act
FinCEN to eliminate ‘redundant’ Bank Secrecy Act civil penalty rule
FinCEN plans to rescind one of its two rules establishing civil penalties for certain Bank Secrecy Act violations, which it ...
FinCEN issues analysis of fentanyl-related BSA reports
Last year, financial institutions filed 1,246 BSA reports that identified suspected fentanyl-related activity amounting to approximately $1.4 billion in suspicious ...
FinCEN issues guidance on Mexico-based criminal organizations, ISIS
FinCEN issued an alert for financial institutions on bulk cash smuggling and repatriation by Mexico-based transnational criminal organizations. It also ...
IRS launches new information sharing initiative for financial institutions
The law enforcement arm of the IRS has launched a new program to ensure financial institutions receive “quantifiable results” on ...
FDIC’s Hill outlines agency priorities in Trump administration
Acting Chairman Travis Hill promised to ditch recent changes to the FDIC’s process for reviewing proposed bank mergers and to ...
OSHA releases framework for investigating retaliation for BSA, sanctions whistleblowing
Interim final rule establishes procedures for investigating complaints of employer retaliation for reporting possible violations of the Bank Secrecy Act ...
FDIC’s Hill outlines policy priorities in next administration
FDIC Vice Chairman Travis Hill outlined his policy priorities for the agency, calling for a return to fundamentals for bank ...
Appeals court reinstates beneficial ownership registry; earliest deadline to file now Jan. 13
The U.S. Court of Appeals for the Fifth Circuit on Monday reinstated the enforceability of the Corporate Transparency Act and ...
FinCEN seeks nominations for BSA advisory group
FinCEN is seeking nominations for membership in the Bank Secrecy Act Advisory Group, which reviews and discusses issues related to ...
