Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory Thursday to alert U.S. financial institutions of the increasing risk that proceeds of political corruption from Nicaragua may enter or traverse the U.S. financial system. FinCEN says it […]
An exemption from Bank Secrecy Act (BSA) customer identification program rules for loans made for the purchase of property and casualty insurance was approved by federal regulators Friday, effective as of Sept. 27, 2018. The […]
Financial institutions that have been affected by Hurricane Florence are encouraged to contact regulators if they think they will experience delays in required Bank Secrecy Act report filings, according to notices from Treasury’s financial crimes […]
A bill to create a Treasury-led financial technology (fintech) task force to improve public and private sector coordination on ways to reduce terrorist and illicit use of new financial technologies, including digital currencies, was passed […]
The president’s nomination of Bimal Patel to be next Treasury assistant secretary for financial institutions was sent Monday to the full Senate and awaits further action of the Senate Banking Committee. President Donald Trump announced […]
The Financial Crimes Enforcement Network (FinCEN) on Friday circulated an updated list of list of jurisdictions having strategic anti-money laundering/counter-terrorist financing (AML/CFT) deficiencies. The list was updated June 29 by the Financial Action Task Force […]
The president plans to nominate Bimal Patel as the next Treasury assistant secretary for financial institutions. Patel is currently Treasury’s deputy assistant secretary for the Financial Stability Oversight Council, according to the White House. Treasury’s […]
A dozen bills were approved and reported out by the House Financial Services Committee Thursday, among them one that would modify Federal Reserve monetary policy operations and another that would require the Bureau of Consumer […]
Don’t ever bet against the U.S. government in a crisis – “crisis can bring out the best in people,” the former Secretary of the Treasury during the financial crisis of 2008 said Wednesday at a […]
The Financial Crimes Enforcement Network (FinCEN) has published a Spanish version of its June advisory (FIN 2018-A003) alerting financial institutions of the connection between corrupt senior foreign political figures and their enabling of human rights […]
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