FinCEN releases FY 2023 Bank Secrecy Act data
FinCEN received approximately 4.6 million suspicious activity reports in fiscal year 2023, for an average of 12,600 reports a day, ...
Tag: Bank Secrecy Act
So you want to be a CRCM?
Practical tips on what it takes, from qualifications to taking the exam.
FinCEN: Financial institutions reported $27 billion in elder financial exploitation
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 ...
ABA: Proposed investment adviser, real estate reporting rules need refinement
Two proposals to create new Bank Secrecy Act rules for investment advisers and professionals involved in certain residential real estate ...
FinCEN proposes applying BSA requirements to investment advisers
FinCEN proposed a new rule to require certain investment advisers to comply with Bank Secrecy Act regulations regarding anti-money laundering ...
FinCEN seeks to sever ties between Iraqi bank, U.S. financial institutions
FinCEN issued a finding concluding that the Iraqi-based Al-Huda Bank is a foreign financial institution of primary money laundering concern
Closing the book on account closures
The reality behind account closures is complicated and driven by the nation’s interest in protecting the financial system from a ...
The 2024 compliance outlook
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory ...
FinCEN releases analysis of identity-related suspicious activity
A review of Bank Secrecy Act data filed in 2021 found that roughly 41% percent of reports were related to ...
FinCEN expands BOI reporting timeframe for companies created in 2024 amid educational push
As part of its effort to facilitate compliance with new beneficial ownership information reporting requirements, the Financial Crimes Enforcement Network ...
