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 ...
Tag: FinCEN
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 ...
FinCEN: Financial institutions must ‘remain vigilant’ for transactional activity linked to synthetic opioids
FinCEN issued a reminder for financial institutions to monitor and report suspicious transactions related to the illicit fentanyl supply chain ...
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 ...
FinCEN releases commercial on beneficial ownership information reporting
FinCEN released a new video and radio commercial to educate business owners on the new beneficial ownership information reporting requirements. ...
FinCEN issues guidance to help bank customers understand new BOI reporting rules
FinCEN issued a notice to financial institution customers about the new beneficial ownership information reporting rule requirements, explaining why certain ...
Banking agencies propose rule to align AML/CFT requirements
Four federal agencies proposed a joint rule that would align each agency's Bank Secrecy Act compliance program requirements with proposed ...
FinCEN, OFAC and FBI issue alert about timeshare fraud linked to organized crime
FinCEN, together with the Office of Foreign Assets Control and the FBI, issued a notice alerting financial institutions to methodologies, ...
