Browsing: FinCEN

Mortgage

In remarks at the American Bankers Association Washington Summit today, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) previewed several policy initiatives that the committee will pursue under her leadership, including housing reform, cannabis and Bank Secrecy Act/anti-money laundering reform.

Compliance

The Financial Crimes Enforcement Network last week released a revised list of the jurisdictions that are subject to countermeasures or enhanced due diligence due to anti-money laundering and counter-terrorist financing deficiencies, as well as jurisdictions with AML/CFT deficiencies that are working to correct them.

Compliance

The Financial Crimes Enforcement Network will launch a new innovation initiative to foster a better understanding of the opportunities and challenges of new technologies for enhancing Bank Secrecy Act and anti-money laundering efforts, FinCEN Director Ken Blanco told attendees at ABA’s Financial Crimes Enforcement Conference today.

Compliance

The Financial Crimes Enforcement Network today reissued its revised geographic targeting orders temporarily requiring certain U.S. title insurance companies in specificied areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.

Compliance

The financial regulatory agencies and the Financial Crimes Enforcement Network today issued a joint statement outlining how banks may enter into collaborative arrangements to share resources in order to more effectively manage their Bank Secrecy Act and anti-money laundering obligations.

Compliance

The Financial Crimes Enforcement Network on Friday announced that it would grant relief from beneficial ownership requirements for certificate of deposit rollovers and loans that renew automatically; loans where the renewal, modification or extension does not require underwriting; and safe deposit box renewals.

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