ABA Challenges Cost-Benefit Analysis of Customer Due Diligence Proposal
In a comment letter yesterday, ABA criticized the Financial Crimes Enforcement Network’s recent cost-benefit analysis of its proposed customer due ...
Tag: FinCEN
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 ...
FinCEN Targets Miami, Manhattan Real Estate with AML Efforts
The Financial Crimes Enforcement Network announced today that it will temporarily require certain U.S. title insurance companies in target areas ...
FinCEN Chief: Include IP Addresses in SARs
Financial institutions should include IP addresses and other cyber-derived information in the Suspicious Activity Reports they file, Financial Crimes Enforcement ...
ABA Files Comments to FinCEN on Proposed Anti-Money Laundering Regs for Investment Advisers
ABA on October 30 filed comments to the Financial Crimes Enforcement Network on its proposed rule to define investment advisers ...
Bill from Oregon, Colorado Senators Would Foster Marijuana Banking
The four senators from Colorado and Oregon -- the first two states to remove legal restrictions on recreational marijuana -- ...
FinCEN Targets Stolen Identity Tax Fraud in South Florida
The Financial Crimes Enforcement Network (FinCEN), in coordination with the Internal Revenue Service (IRS) and the U.S. Attorney’s Office for ...
Reminder: Comments Due on FinCEN’s Imposition of Special Measure against BPA as a Financial Institution of Primary Money Laundering Concern
FinCEN on March 10 identified Banca Privada d'Andorra (BPA) as a foreign financial institution of primary money laundering concern pursuant ...
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