FinCEN proposes rule on access to beneficial ownership info
The proposed regs would govern how BOI information is protected and disclosed to federal agencies, governments and financial institutions.
Tag: FinCEN
Das: FinCEN priorities include rulemaking on AML, beneficial ownership
The Financial Crimes Enforcement Network is working on proposed regulatory amendments to ensure that anti-money laundering and combating the financing ...
FinCEN report: Ransomware filings more than double from 2020 to 2021
The value of ransomware-related BSA filings in 2021 approached $1.2 billion—a 188% increase compared to the previous year.
FinCEN reissues, expands real estate geographic targeting orders
The Financial Crimes Enforcement Network today reissued and expanded its geographic targeting orders requiring U.S. title insurance companies in specified ...
FinCEN’s Das outlines next steps for CTA rules and processes
FinCEN is developing guidance and educational materials and other tools to help companies prepare to file their beneficial ownership information ...
FinCEN issues beneficial ownership rule, the first of three CTA mandates
The rule will require most corporations created in or registered to do business in the U.S. to report beneficial ownership ...
Government watchdog: DOJ falling short of obligations to share BSA info
The Government Accountability Office found significant room for improvement regarding the Department of Justice’s obligation under the Anti-Money Laundering Act ...
How the new SAR pilot may aid in the financial crime fight internationally
Successful information sharing will reduce the time it takes to interdict, stop and report criminal activity, boost customer trust and ...
Agencies update spring rulemaking agendas
The federal regulatory agencies this week announced updates to their spring rulemaking agendas for 2022. Among the CFPB’s priorities are ...
FinCEN issues statement on due diligence for independent ATM owners, operators
The Financial Crimes Enforcement Network issued a statement reminding banks of how to apply a risk-based approach to conducting customer ...
