There’s more time to register for FinCEN’s June 10 ‘Innovation Hours’ on AML/CFT tech innovations targeting underserved

Treasury’s financial crimes enforcement unit has extended until May 24 the deadline for underserved-related groups to apply to present their anti-money laundering/countering the financing of terrorism (AML/CFT) during its June 10 Innovation Hours program, the agency said in a release posted Monday.

The Financial Crimes Enforcement Network (FinCEN) is hoping to see participation by wide range of groups, including financial technology (fintech) and regulatory technology (regtech) companies, venture capital and investment firms, and financial institutions majority founded, owned, or managed by underserved groups. It said the event “will highlight the important contributions that underserved groups provide to responsible innovation efforts and will ensure that FinCEN learns from an increasingly diverse audience.”

Each of the June 10 Innovation Hours sessions will be held virtually and last no more than an hour. It noted that only firms listed under the Small Business Administration’s (SBA) Certification Program (8a, Woman-owned, Economically Disadvantaged) in the Dynamic Small Business Search (DSBS) will be considered for participation in the demonstration sessions.

FinCEN Extends Application Deadline for Special Monthly Innovation Hours Sessions for Underserved Groups Developing Technology to Fight Illicit Financial Activity

SBA Dynamic Small Business Search

Be the first to comment

Leave a Reply

Your email address will not be published.