FinCEN issues alert on Iran, commercial aviation parts procurement
FinCEN issued an alert for financial institutions on identifying and reporting procurement networks supporting Iran’s aviation industry. The alert was ...
Tag: Suspicious Activity Reports
Agencies issue guidance about customer communications, suspicious activity reports
FinCEN and the banking agencies issued a joint statement clarifying that confidentiality requirements related to suspicious activity reports do not ...
FinCEN: Financial institutions flagged nearly $5B linked to suspected human smuggling
While depository institutions filed only 3% of BSA reports on possible human smuggling, their reports accounted for approximately 61%, or ...
FinCEN issues alert on fuel smuggling schemes linked to Mexican cartels
FinCEN issued a supplemental alert for financial institutions on suspicious activity connected to Cartel de Jalisco Nueva Generacion and other ...
New executive orders target banks and citizenship, nonbank access to Fed services
President Trump signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied ...
FinCEN issues advisory for financial institutions on Medicare, Medicaid fraud
FinCEN issued a financial institution advisory on red flags related to alleged fraudulent healthcare schemes targeting Medicare, Medicaid, and other ...
Bank Secrecy Act filings used in most IRS-CI financial crime investigations
Bank Secrecy Act filings have been used in nearly every financial crime investigation conducted by IRS Criminal Investigation, “underscoring the ...
House committee advances three ABA-backed bills
The House Financial Services Committee advanced three bills supported by ABA, covering regulatory tailoring for community banks, reauthorization of the ...
Treasury issues order, alert to Minnesota institutions on alleged fraud rings
FinCEN issued an alert urging financial institutions to identify and report fraud associated with federal child nutrition programs in Minnesota, ...
FinCEN targets money services businesses along southwest U.S. border
FinCEN announced it has taken multi-tiered actions against more than 100 money services businesses along the southwest U.S. border for ...
