FinCEN renews geographic targeting orders for multiple states
FinCEN has renewed several geographic targeting orders that require U.S. title insurance companies to identify the natural persons behind shell ...
Tag: FinCEN
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 ...
FinCEN to exempt U.S. companies from beneficial ownership reporting
FinCEN posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to ...
FinCEN issues southwest border geographic targeting order
FinCEN ssued a geographic targeting order requiring all money services businesses located in 30 ZIP codes in California and Texas ...
Treasury Department suspends BOI enforcement for U.S. companies
The Treasury Department announced that it will not enforce any penalties or fines against U.S. companies for failing to report ...
FinCEN to establish new BOI reporting deadlines, review requirements
FinCEN said it will not issue fines or penalties against companies that fail to report their BOI by the current ...
FATF updates list of jurisdictions with anti-money laundering deficiencies
U.S. financial institutions should consider the FATF’s stance toward these jurisdictions when reviewing their obligations and risk-based policies, procedures and ...
FinCEN urges financial institutions to ‘remain vigilant’ about relationship scams
FinCEN issued a statement calling on financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship ...
