FinCEN releases financial trend analysis on healthcare fraud
Financial institutions flagged approximately $17.5 billion in suspicious activity related to potential healthcare fraud during a one-year period starting in ...
Tag: FinCEN
FinCEN, banking agencies release FAQs on digital credentials, customer ID
Financial institutions may use a mobile driver’s license or other government-issued virtual ID as a form of documentary verification for ...
FinCEN issues alert on Iran, commercial aviation parts procurement
FinCEN issued an alert for financial institutions on identifying and reporting procurement networks supporting Iran’s aviation industry. The alert was ...
FinCEN identifies nearly $13B in suspected crypto investment scams
Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period ...
FinCEN reissues geographic targeting order for Southwest border
FinCEN reissued a geographic targeting order targeting multiple counties and ZIP codes in two states along the Southwest U.S. border.
Agencies issue guidance about customer communications, suspicious activity reports
FinCEN and the banking agencies issued a joint statement clarifying that confidentiality requirements related to suspicious activity reports do not ...
FinCEN seeks to sever alleged Iranian-linked bank from financial system
FinCEN proposed a new rule to cut off a branch of an Egyptian bank from the U.S. financial system as ...
ABA: Proposed customer identification standards for stablecoin issuers need strengthening
A proposed rule to require payment stablecoin issuers to maintain customer identification programs must go further if it is to ...
Compliance Inbox: Responding to Section 314(a) requests
Banks should familiarize themselves with FinCEN’s 314(a) FAQs, and follow prescribed procedures to contact FinCEN.
FinCEN: Financial institutions flagged nearly $5B linked to suspected human smuggling
While depository institutions filed only 3% of BSA reports on possible human smuggling, their reports accounted for approximately 61%, or ...
