FinCEN

FinCEN Issues Guidance On Virtual Currencies
FinCEN Issues Guidance On Virtual Currencies
May 10, 2019  |  Cryptocurrency

In response to questions by law enforcement, financial institutions and regulators, the Financial Crimes Enforcement Network (FinCEN) issued guidance for companies and individuals “engaged in...

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Bitcoin Daily: FinCEN Penalizes P2P Currency Exchanger; Binance Announces Its Own Blockchain
Bitcoin Daily: FinCEN Penalizes P2P Currency Exchanger; Binance Announces Its Own Blockchain
April 19, 2019  |  Bitcoin

A new report has found that ransomware payments increased nearly 90 percent in the first quarter of the year over the previous quarter. According to...

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Deep Dive: How To Improve Existing AML/KYC Requirements
Deep Dive: How To Improve Existing AML/KYC Requirements
February 04, 2019  |  AML

The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work toward remaining compliant.

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Shutdown Impacting FinTech Firms, Financial Regulations
Shutdown Impacting FinTech Firms, Financial Regulations
January 14, 2019  |  Regulation

Count the FinTech sector — and regulation of that sector — among those impacted by the government shutdown that has roiled Washington through the past...

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Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
December 14, 2018  |  Bank Regulation

 Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime.  In an interview with PYMNTS, DLA Regulatory...

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Bridging Banking Gaps For Cannabis Companies
Bridging Banking Gaps For Cannabis Companies
December 12, 2018  |  Innovation

More banks than ever are providing services to the cannabis industry, but a banking gap remains as cash still is king. Green Check Verified CEO...

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FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
November 16, 2018  |  Regulation

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to...

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FinCEN: US Banks Should Be Wary Of Nicaragua Assets
FinCEN: US Banks Should Be Wary Of Nicaragua Assets
October 04, 2018  |  Security & Fraud

The Financial Crimes Enforcement Network said Thursday (October 4) that U.S. financial institutions are at increased risk that proceeds from Nicaragua may enter the U.S....

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Massachusetts Credit Union Gets Into Cannabis Banking
Massachusetts Credit Union Gets Into Cannabis Banking
September 18, 2018  |  Banking

A credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. GFA Federal Credit Union...

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