ABA urges regulators to uphold AML/CFT, sanctions requirements for all stablecoin issuers
As federal regulators draft anti-money laundering and sanctions regulations for payment stablecoin issuers, they need to address the financial crime ...
Tag: Bank Secrecy Act
Court vacates FinCEN residential real estate reporting rule
A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting ...
FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by ...
New executive orders target banks and citizenship, nonbank access to Fed services
President Trump signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied ...
FinCEN issues alert on Iranian money laundering activities
FinCEN issued an alert to help financial institutions identify and stop funding streams and procurement networks supporting Iran’s Islamic Revolutionary ...
Banking agencies issue revised risk management model guidance
The federal banking agencies rescinded existing risk management model guidance and replaced it with revised principles that they said better ...
Agencies propose anti-money laundering, sanctions requirements for stablecoin issuers
The Financial Crimes Enforcement Network and Office of Foreign Asset Control jointly proposed a new rule to establish BSA and ...
FinCEN, banking agencies propose to overhaul Bank Secrecy Act compliance
FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards ...
FinCEN proposes rule to pay whistleblowers
FinCEN has proposed a new rule to provide financial incentives to people who report tips on Bank Secrecy Act and ...
Sen. Rounds calls for open negotiations on market structure bill
Any legislation on market structure for stablecoins and other cryptocurrencies — such as the Clarity Act — must be fully ...
