FinCEN extends compliance dates for fentanyl orders
FinCEN has extended by more than a month the effective dates for orders involving three Mexico-based financial institutions with alleged ...
Tag: FinCEN
FinCEN targets three Mexican institutions with alleged ties to fentanyl trafficking
FinCEN issued orders identifying three Mexico-based financial institutions as being of primary money laundering concern in connection with illicit opioid ...
FinCEN releases figures on BSA filings
Financial institutions filed 4.7 million suspicious activity reports in fiscal year 2024. They filed 20.5 million currency transaction reports during ...
FATF releases revisions to international standard for payment transparency
FAFT announced several revisions to its recommendation on payments transparency, which it said will enhance the safety and security of ...
ABA offers proposals for easing BOI reporting burden on banks
ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements, ...
GAO: FinCEN should clarify inspectors general use of BOI in fraud detection efforts
FinCEN should take steps to improve the ability of inspectors general to determine companies’ beneficial owners, which would be useful ...
FinCEN proposes severing Cambodian firm as institution of primary money laundering concern
FinCEN issued a finding and notice of proposed rulemaking targeting a Cambodian firm that allegedly acts as a conduit for ...
FinCEN issues alert on oil smuggling schemes along southwest border
In addition, OFAC sanctioned three Mexican nationals and two Mexico-based entities involved in a drug trafficking and fuel theft network ...
Court orders pause for southwest border geographic targeting order
A federal court in California issued a temporary restraining order preventing enforcement of a FinCEN order requiring money services businesses ...
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 ...
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