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 ...
Tag: Suspicious Activity Reports
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 ...
ABA, state associations support bills to raise BSA reporting thresholds
ABA and 52 state bankers associations expressed support for two bills that would raise Bank Secrecy Act reporting thresholds for ...
FinCEN identifies $9B in alleged Iranian shadow banking
FinCEN has identified approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024, ...
Senators propose raising BSA reporting thresholds
A proposed Senate bill would raise the reporting thresholds for currency transaction reports and suspicious activity reports and require the ...
