Blanco to Step Down as FinCEN Director, Acting Director Announced
The Financial Crimes Enforcement Network director Ken Blanco will step down on April 9, the agency announced today.
Tag: FinCEN
FinCEN Seeks Input on Creation of Beneficial Ownership Database
As part of its efforts to implement provisions of the Anti-Money Laundering Act of 2021—the first significant changes to Bank ...
FinCEN to Issue ANPR on CTA Beneficial Ownership Reporting Requirements
The Financial Crimes Enforcement Network will issue an advanced notice of proposed rulemaking regarding the implementation of the beneficial ownership ...
ABA Urges Interagency Coordination on SAR Exemption Rules
The American Bankers Association wrote to the federal banking agencies today urging them to pursue a single interagency rulemaking instead ...
AML Innovation and Whistleblower Provisions of the NDAA Mean Important Changes Ahead
Modernization efforts will likely be accompanied by increased enforcement activity. A strong culture of compliance will be more critical than ...
FinCEN Proposes New Reporting, Recordkeeping Requirements for Crypto Transactions
With criminals increasingly turning to virtual currencies to move illicit funds, the Financial Crimes Enforcement Network last week proposed new ...
OCC Proposes to Allow Exemptions from SAR Requirements
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the OCC has issued a proposal that ...
FDIC Issues Proposal to Allow Exemptions from SAR Requirements
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the FDIC today issued a proposal that ...
FinCEN Releases Guidance on Financial Crime Information Sharing Program
The Financial Crimes Enforcement Network released new guidance on the Patriot Act Section 314(b) information sharing program, FinCEN Director Kenneth ...
ABA Urges Withdrawal of Proposed Rule Lowering Reporting Threshold for Funds Transfers
ABA urged the Federal Reserve and the Financial Crimes Enforcement Network today to withdraw a proposed rule that would reduce ...
