FinCEN issues alert on Hezbollah financing
FinCEN issued an alert for financial institutions to help identify and report suspicious activity supporting the Lebanese terrorist group Hezbollah.
Tag: FinCEN
FinCEN: Telecommunications providers exempt from BOI reporting
FinCEN has issued a final rule clarifying that certain telecommunications service providers are exempt from beneficial ownership information reporting requirements.
FinCEN renews real estate geographic targeting orders
FinCEN has renewed geographic targeting orders that require U.S. title insurance companies to identify the natural persons behind shell companies ...
Banking regulators discuss program rule, areas of supervisory focus
Representatives from four banking regulators shared their agencies’ current supervisory priorities, including a proposed BSA program rule to require financial ...
ABA: Proposed anti-money laundering requirements need further work
An interagency proposal to require financial institutions to establish and maintain risk-based anti-money laundering programs is flawed in that it ...
FinCEN extends FBAR filing deadlines for institutions affected by natural disasters
FinCEN extended the filing date of reports of Foreign Bank and Financial Account, or FBAR, for victims of four recent ...
U.S. takes action against Russian crypto exchange
FinCEN said nearly half of the exchange’s activity had links to illicit activity and a greater proportion of transactions with ...
FinCEN creates toolkit to help small businesses with CTA compliance
The toolkit includes general background on the reporting requirements, as well as templates for newsletters, websites and emails; sample social ...
FinCEN analysis finds mail theft-related check fraud a widespread problem for banks
FinCEN received more than 15,000 Bank Secrecy Act reports about possible mail theft-related check fraud during a six-month period in ...
ABA: FinCEN’s Bank Secrecy Act program rule needs reform
FinCEN’s proposed changes to the BSA program rule requiring financial institutions to establish and maintain risk-based anti-money laundering programs are ...
