BitMEX’s founders and its first employee were charged with contravening the Bank Secrecy Act and conspiring to violate the act, according to a Thursday (Oct....
The pandemic has spurred businesses — by necessity — to use digital means to interact with their employees and to keep operations humming. And the...
Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the...
The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank, a subsidiary of U.S. Bancorp, with a...
Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco told bankers and lawyers at a conference Dec. 10 that the information they report provides important...
Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act...
Testimony from the Financial Integrity Network (FIN) released before a Sept. 3 hearing advises that system-wide governance should be established to regulate virtual asset service providers...
Even Bank Secrecy Act officials are in the crosshairs of scammers, according to news of recent email “phishing” campaigns. Separately, the saga over the alleged...
In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. are said to have been...