FinCEN

Today In Digital-First Banking: FinCEN Warns FIs About Vaccine Scams; JP Morgan Chase To Buy cxLoyalty’s Rewards Division
Today In Digital-First Banking: FinCEN Warns FIs About Vaccine Scams; JP Morgan Chase To Buy...
December 29, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, the Financial Crimes Enforcement Network (FinCEN) has issued a warning about COVID-19 vaccine scams and cybersecurity, while J.P. Morgan...

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FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks
FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks
December 28, 2020  |  Coronavirus

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking...

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Senate Overhauls AML Laws, Strengthens Beneficial Ownership Disclosure
Senate Overhauls AML Laws, Strengthens Beneficial Ownership Disclosure
December 11, 2020  |  AML

On Friday (Dec. 11), the U.S. Senate passed legislation that would strengthen anti-money laundering (AML) rules. The legislation would also ban anonymous shell companies. As...

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FinCEN: FI Data Sharing Vital In Crime Prevention
FinCEN: FI Data Sharing Vital In Crime Prevention
December 10, 2020  |  Security & Fraud

Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco, speaking on Thursday (Dec. 10) about ways to stop financial crime, said one of the key...

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Fed Reserve, FinCEN Seek Input On Bank Secrecy Act Rule Changes
Fed Reserve, FinCEN Seek Input On Bank Secrecy Act Rule Changes
October 28, 2020  |  AML

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board are seeking comment on a proposed rule that would amend recordkeeping and travel rule...

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Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
October 13, 2020  |  Security & Fraud

Insider fraud is emerging as yet another threat to the nation’s unemployment insurance (UI) program, already under siege as cybercriminals and criminal gangs make away...

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FinCEN Director Tells Banks To Look Out For Crypto Fraud
FinCEN Director Tells Banks To Look Out For Crypto Fraud
September 29, 2020  |  Cryptocurrency

Kenneth A. Blanco, director of the Financial Crimes Enforcement Network (FinCEN), said banks need to be wary of risks with cryptocurrency, according to remarks planned...

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Financial Crime-Fighters Turning The Tide Of COVID-Era Fraud
Financial Crime-Fighters Turning The Tide Of COVID-Era Fraud
September 28, 2020  |  Fraud Prevention

Isn’t it just like a crook to exploit a bad situation? COVID-19 is an ideal example, as cold-hearted fraudsters are siphoning off funds designated for...

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Today In Payments: FinCEN Files Reveal Billions In Suspicious Money Flows; Chime Now More Valuable Than Robinhood
Today In Payments: FinCEN Files Reveal Billions In Suspicious Money Flows; Chime Now More Valuable...
September 21, 2020  |  News

In today’s top news FinCEN discovered an underworld of corruption in the world’s banks and how governments allow it to thrive, and challenger bank Chime...

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