Federal court blocks enforcement of beneficial ownership reporting rule
Less than a month before a Jan. 1 deadline for businesses to report their beneficial owners to the Financial Crimes ...
Tag: Bank Secrecy Act
Podcast: How a Latin American banking franchise is growing in South Florida
Miami is often described as the northernmost city in Latin America, or sometimes as Latin America's business capital. Banesco USA ...
FinCEN analysis finds mail theft-related check fraud a widespread problem for banks
FinCEN received more than 15,000 Bank Secrecy Act reports about possible mail theft-related check fraud during a six-month period in ...
ABA: FinCEN’s Bank Secrecy Act program rule needs reform
FinCEN’s proposed changes to the BSA program rule requiring financial institutions to establish and maintain risk-based anti-money laundering programs are ...
FinCEN releases final rules for residential real estate reporting, and investment advisers
FinCEN released two final rules requiring certain residential real estate professionals and investment advisers to report suspicious activity tied to ...
Treasury Department releases semiannual regulatory agenda
The Treasury Department recently issued its semiannual agenda to indicate that FinCEN intends to move forward on three notices of ...
ABA: FinCEN underestimates the compliance burden of customer identification program rule
A recent proposal by the FinCEN to renew its customer identification program requirements dramatically underestimates the number of new bank ...
ABA submits comment letter on collection requirements for CTRs, SARs
FinCEN has not increased the burden estimate associated with filing CTRs, nor has it adjusted the burden estimate for filing ...
Banking agencies preview FinCEN’s proposed rulemaking
If finalized, financial institutions would be required to amend their anti-money laundering and countering the financing of terrorism programs.
FinCEN seeks feedback on renewal of BSA regulations for correspondent and private banking accounts
Under the regulations, certain financial institutions are required to establish and maintain due diligence programs for foreign financial institutions and ...
