FinCEN issues list of red flags for possible crypto ATM scams
FinCEN issued a notice urging financial institutions to be vigilant in identifying and reporting suspicious activity involving convertible virtual currency ...
Tag: Bank Secrecy Act
FinCEN announces intent to postpone applying BSA requirements to investment advisers
FinCEN intends to postpone the effective date of a new rule to require certain investment advisers to comply with Bank ...
House lawmakers propose trimming CDFI Fund
House lawmakers are proposing to reduce funding for the CDFI Fund below current levels, although not as drastically as recommended ...
FinCEN extends compliance dates for fentanyl orders
FinCEN has extended by more than a month the effective dates for orders involving three Mexico-based financial institutions with alleged ...
FinCEN releases figures on BSA filings
Financial institutions filed 4.7 million suspicious activity reports in fiscal year 2024. They filed 20.5 million currency transaction reports during ...
Treasury official outlines principles for Bank Secrecy Act modernization
The Treasury Department is exploring ways to streamline the filing process for suspicious activity reports and currency transaction reports as ...
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 ...
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 ...
