Regulators Preview Forthcoming BSA/AML Rule Changes
As FinCEN works to create a long-awaited database of beneficial ownership information—a key provision of the Anti-Money Laundering Act of ...
Tag: FinCEN
FDIC, FinCEN Announces Tech Sprint Focused on Digital Identity Proofing
The FDIC and the Financial Crimes Enforcement Network today announced a “tech sprint” to develop solutions for banks and regulators ...
FinCEN Observes Increase in Wildlife Trafficking SARs
Suspicious activity reports related to wildlife trafficking—which includes the illicit trade of protected animals, animal parts and derivatives thereof in ...
FinCEN Seeks Public Feedback on AML/CFT Modernization
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued ...
FinCEN Proposes Beneficial Ownership Reporting Requirements
The Financial Crimes Enforcement Network today proposed regulations to implement the Corporate Transparency Act—a bipartisan, American Bankers Association-supported bill that ...
FinCEN Seeks Comments on Proposed Real Estate Sector Reporting Requirements
The Financial Crimes Enforcement Network is seeking comment on a potential rule on real estate reporting requirements.
Cryptocurrencies and Exchanges Will Face Increased Regulatory Focus
Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
Five BSA Hot Topics for 2021
Moving from a ‘check the box’ mentality to a system that better protects consumers and banks.
ABA Analyzes FinCEN’s National Anti-Money Laundering Priorities
ABA issued a members-only staff analysis of the government-wide policy priorities for anti-money laundering and countering the financing of terrorism ...
FinCEN Signals It Will Move ahead With No-Action Letter Rulemaking
The Financial Crimes Enforcement Network today signaled that it intends to move ahead with a rulemaking to establish a no-action ...
