Five federal agencies are seeking public comment on a proposal to require certain payment stablecoin issuers to maintain a customer identification program. Get the Full...
Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement...
Fraud prevention has largely been treated as an institution-by-institution exercise. Banks built their own models, payment companies and vendors developed proprietary services and solutions. Get...
The Treasury Department has proposed a rule that would require permitted payment stablecoin issuers (PPSIs) to adhere to anti-money laundering (AML) and sanctions compliance obligations. Get the Full Story...
Regulators’ proposed anti-money laundering (AML) rulemaking, introduced this week, offers a clear path for how compliance will be expected to operate as financial services continue...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and three federal financial regulators proposed rules Tuesday (April 7) that they said will modernize their anti-money laundering and countering...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is seeking assistance from financial institutions as it combats fraud schemes that target Medicare, Medicaid and other government health benefit programs. Get...
The U.S. Treasury is investigating what it calls “rampant benefits fraud” in Minnesota. Get the Full Story Complete the form to unlock this article and...