Notices and information from other, related federal agencies of interest (FinCEN, etc.)
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 […]
Cross-border sharing among financial institutions of the underlying facts, transactions and documents upon which a suspicious activity report (SAR) is based is not the kind of sharing that is prohibited by the Bank Secrecy Act […]
Chinese money laundering networks (CMLNs) in the U.S. that are used by Mexico-based drug cartels — dubbed a “mutualistic relationship” — are the target of an advisory to banks, the Treasury’s top financial crimes enforcement […]
Novel methods, techniques, or strategies that banks and other financial institutions can or could use to detect illicit activity involving digital assets are the focus of a comment call issued Monday by the Treasury Department. […]
An exemptive relief order for investment advisors (IAs) covered by a September 2024 final rule imposing Bank Secrecy Act (BSA) anti-money laundering (AML) program requirements was issued Tuesday and will remain in effect until Jan. […]
Banks supervised by the Federal Reserve Board are now permitted to obtain a customer’s tax identification number (TIN) from a third party under an exemption order approved July 24 and announced Thursday by the Federal […]
Census data used to create the aggregate and disclosure reports for mortgages and compliance with anti-redlining statutes have been updated for 2025, the agency updating the data said Friday. The Federal Financial Institutions Examination Council […]
An exemption order allowing banks and credit unions to satisfy a federal customer identification program (CIP) rule by getting taxpayer identification number (TIN) information from third parties – not just directly from the customer or […]
John Crews is Treasury’s deputy assistant secretary for financial institutions policy, according to an announcement Friday by Treasury Secretary Scott Bessent. Crews, according to the release, was previously a policy advisor to House Majority Leader […]
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