Tag Archives: FinCEN

FinCEN Considering Further Guidance on Beneficial Ownership Rule

As the banking industry prepares to implement the Financial Crimes Enforcement Network’s final beneficial ownership rule, FinCEN Acting Director Jamal El-Hindi today said that the agency is considering additional guidance to help address lingering questions from financial institutions ahead of the May 2018 compliance deadline.

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Treasury Taps Ken Blanco to Lead FinCEN

The Treasury Department today announced that Ken Blanco, acting assistant attorney general for the Justice Department’s criminal division, has been selected to become the new director of the Financial Crimes Enforcement Network.

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FinCEN Updates List of AML/CFT Jurisdictions

The Financial Crimes Enforcement Network today 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 (Section I), as well as jurisdictions with AML/CFT deficiencies that are working to correct them (Section II).

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Lawmakers Call for Additional Marijuana Banking Guidance

With state or local law in 29 states and the District of Columbia now permitting marijuana use for various purposes, a bipartisan group of 10 senators today asked the Financial Crimes Enforcement Network to issue additional guidance for financial institutions that provide indirect services to marijuana-related businesses.

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