Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Money services businesses (MSBs) operating along the southwest border of the country are the target of a new effort by the Treasury and its financial crimes enforcement unit to unearth alleged money laundering activity, the […]
Potential revisions to interpretive guidance regarding nonbank financial company determinations and to the analytic framework for financial stability risk identification, assessment, and response, were presented to the umbrella group of top federal financial institution regulators, […]
Reports for Metropolitan Statistical Areas (MSAs) that contain multiple Metropolitan Divisions (MDs) can now be produced by the “Census Online” database maintained by the umbrella group for federal financial regulators, the agency said Thursday. The […]
A convertible virtual currency, peer-to-peer trading platform was fined $3.5 million for allegedly facilitating more than $500 million in suspicious activity involving “a host of illicit actors,” Treasury’s financial crimes enforcement arm said. The fine […]
An update on interpretive guidance on nonbank financial company determinations is among the items on the agenda for the multi-federal financial regulators’ meeting set for next week, the Treasury Department said Friday. The meeting of […]
Bank Secrecy Act (BSA) regulatory requirements on the reporting of potential illegal transaction structuring activity are among those that regulators sought to clarify in their recent additions to their suspicious activity report (SAR) frequently asked […]
From the board of the federal bank deposit insurance agency, to nominee to run the federal consumer financial protection agency, Jonathon McKernan has now bounced to be the next top Treasury liaison to financial institutions […]
Derek Theurer was appointed to “perform the duties” of Treasury deputy secretary, Treasury Secretary Scott Bessent announced Tuesday. Theurer has been serving as counselor, assisting Bessent on global and domestic tax issues, while awaiting confirmation […]
Helping financial institutions detect and disrupt financially motivated sextortion is the aim of a notice issued Monday by the Treasury’s anti-financial crimes arm. The Financial Crimes Enforcement Network (FinCEN) said the notice “underscores the importance […]
A reissued geographic targeting order (GTO), revised from March, increases the dollar threshold to $1,000 for cash transactions that certain money services businesses (MSB) must report on currency transaction reports (CTRs), Treasury’s financial crimes enforcement […]
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