FinCEN Reissues Real Estate Geographic Targeting Orders
The Financial Crimes Enforcement Network today reissued its geographic targeting orders temporarily requiring U.S. title insurance companies in specified areas ...
Tag: FinCEN
House Passes ABA-Advocated AML Modernization Bill in Bipartisan Vote
The House today voted to pass the ABA-backed Corporate Transparency Act (H.R. 2513). The legislation, sponsored by Rep. Carolyn Maloney ...
Avoiding a Risky Customer Conundrum
Four principles for mitigating the BSA/AML risks of banking higher-risk clients.
ABA, Trades Support Legislation to Create Beneficial Owner Registry
The American Bankers Association joined a group of financial trade associations in a letter to Senate Banking Committee leaders endorsing ...
FinCEN Issues Warning on Illicit Fentanyl Scams
The Financial Crimes Enforcement Network today issued an advisory to financial institutions on illicit financial schemes related to the trafficking ...
Joint Agency Statement Emphasizes Risk-Based Approach to BSA/AML Exams
As part of an ongoing effort to enhance the efficiency and effectiveness of the Bank Secrecy Act/anti-money laundering regime, the ...
FinCEN Warns Banks of Business Email Compromise Scams
Business email compromise schemes—though which fraudsters target businesses and their fund transfers—generated more than $300 million a month in illicit ...
House Financial Services Committee Advances Several ABA-Backed Bills
The House Financial Services Committee voted to advance the NFIP Reauthorization Act of 2019
ABA, Industry Groups Support Beneficial Ownership Bill
Ahead of the House Financial Services Committee markup today, the American Bankers Association joined eight other financial trade organizations in ...
State Bankers Associations Support Beneficial Ownership Bill
A group of 51 state bankers associations today wrote to House Financial Services Committee leaders in support of H.R. 2513, ...
