FinCEN

European Bank Branches Close, Limit Hours
European Bank Branches Close, Limit Hours
March 16, 2020  |  Coronavirus

The coronavirus could have far-reaching effects on grocery stores, entertainment and banking, while boosting delivery services and identity verification services. Here are the latest updates...

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Ex-US Bank Risk Officer Fined Over AML Compliance
Ex-US Bank Risk Officer Fined Over AML Compliance
March 04, 2020  |  AML

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...

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FinCEN Announces New Digital Innovation Officer/Deputy Director
FinCEN Announces New Digital Innovation Officer/Deputy Director
February 21, 2020  |  Personnel

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier succeeds Jamal El-Hindi, who will...

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FIUs: Fraud, Terrorism Among Global Concerns With Virtual Assets
FIUs: Fraud, Terrorism Among Global Concerns With Virtual Assets
February 19, 2020  |  Cryptocurrency

Financial Intelligence Units (FIUs) from the 39-country Financial Action Task Force (FATF) and the Egmont Group Secretariat gathered in Paris to talk about the global...

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FinCEN Tweaks Rule On Reporting Financial Transactions
FinCEN Tweaks Rule On Reporting Financial Transactions
February 11, 2020  |  Regulation

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and...

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FinCEN Director: Bankers, Lawyers Provide Valuable Information To Deter Crime
FinCEN Director: Bankers, Lawyers Provide Valuable Information To Deter Crime
December 10, 2019  |  Security & Fraud

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...

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Regulators Detail Banking Rules For Hemp Firms
Regulators Detail Banking Rules For Hemp Firms
December 03, 2019  |  Bank Regulation

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...

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FinCEN Head Warns AML Crypto Rules Will Be Strictly Enforced
FinCEN Head Warns AML Crypto Rules Will Be Strictly Enforced
November 18, 2019  |  Regulation

Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco said on Friday (Nov. 15) that anti-money laundering (AML) laws will be strictly enforced in the...

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Big Tech Antitrust Examination By AGs Gathers Steam
Big Tech Antitrust Examination By AGs Gathers Steam
November 18, 2019  |  ANTITRUST

Antitrust headlines dominated the regulatory sphere this past week – focused, of course, on marquee names such as Facebook and Google. In one salvo, lawmakers...

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