Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco told bankers and lawyers at a conference Dec. 10 that the information they...
Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the...
Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco said on Friday (Nov. 15) that anti-money laundering (AML) laws will be strictly...
Antitrust headlines dominated the regulatory sphere this past week – focused, of course, on marquee names such as Facebook and Google. In...
The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. 15) that the U.S. government is going...
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to announce an updated list of jurisdictions with anti-money laundering (AML) and...
The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws....
The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum...
Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference...
Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. Blanco took...
BEC is gaining steam, accounting for billions of dollars in attempted (and successful) thefts across all manner of industries, FinCEN finds. Separately, in...
Business E-mail Compromise (BEC) fraud scams are on the rise, and the latest data shows a boost in the number of incidents...
The Financial Crimes Enforcement Network (FinCEN) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector...
In response to questions by law enforcement, financial institutions and regulators, the Financial Crimes Enforcement Network (FinCEN) issued guidance for companies and...
A new report has found that ransomware payments increased nearly 90 percent in the first quarter of the year over the previous...
The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work...
Count the FinTech sector — and regulation of that sector — among those impacted by the government shutdown that has roiled Washington...
Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime. In an interview with...
More banks than ever are providing services to the cannabis industry, but a banking gap remains as cash still is king. Green...
The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title...
The Financial Crimes Enforcement Network said Thursday (October 4) that U.S. financial institutions are at increased risk that proceeds from Nicaragua may...
A credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. GFA...
The Ministry of Industry and Information Technology (MIIT) in China is seeking to double down on its efforts to make a fertile...
1,500 complaints about suspicious activity per month. That’s the tally that FinCEN Director Kenneth A. Blanco told a conference last week that FinCEN,...
May 11 marked a watershed moment of sorts when, this past Friday, the final customer due diligence rule via the Financial Crimes...
The deadline cometh. Today (May 11) is the day the final rule, served up by the Financial Crimes Enforcement Network (FinCEN), takes effect. The...
May 11 is basically here, with new Customer Due Diligence rules likely to send ripples, if not shockwaves, across the FI landscape. As...
Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes...
Latvia’s banking system is facing more issues. Not only did one bank have to request emergency support after U.S. officials accused it...
Not everyone gets a trophy, an inevitable truth discovered by the U.S. Olympic team in Pyeongchang — at least so far. It’s not been...
U.S. Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the...
A court ruling has found that compliance officers, among other executives, can be held responsible for anti-money laundering controls or lack thereof,...
Microsoft has officially entered the world of payments. The Windows software giant has received its first money transmitter license from the state...
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) should let banks share their reports of suspected money-laundering activity with their foreign branches...