Notices and information from other, related federal agencies of interest (FinCEN, etc.)
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 […]
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 […]
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