The latest list of countries and other jurisdictions that fall short in combatting the financing of terrorists – including North Korea and Iran – was released Friday by the Treasury’s arm for fighting financial crimes. […]
A bill to promote private sector coordination on ways to reduce terrorist and illicit use of new financial technologies (fintech), including digital currencies, is expected to win House passage this evening, when it’s scheduled to […]
Nominations to a panel that advises Treasury on Bank Secrecy Act (BSA) matters are due Jan. 28 to Treasury’s Financial Crimes Enforcement Network (FinCEN), according to a notice published Friday in the Federal Register. FinCEN […]
Nominations to a broad-based advisory group on Bank Secrecy Act (BSA) operations, to fill three-year membership terms, were invited in a notice circulated Friday by Treasury’s financial crimes unit. The Financial Crimes Enforcement Network (FinCEN) […]
Treasury issued a “National Strategy for Combating Terrorist and Other Illicit Financing” Thursday that addresses current U.S. government efforts to combat illicit finance threats and risks and identifies priorities, objectives, and “potential areas for future […]
UBS Financial Services, Inc. (UBSFS) was assessed a $14.5 million civil money penalty (CMP) over “willful” Bank Secrecy Act/anti-money laundering (BSA/AML) violations under an order announced Monday by Treasury’s Financial Crimes Enforcement Network (FinCEN). The […]
Improving the effectiveness and efficiency of anti-money laundering laws – and opening thedoor to bankers for ideas in protecting the financial system from illicit threats – were two objectives outlined by one of the Treasury […]
Encouraging banks and credit unions to explore “innovative approaches” to meet anti-money laundering compliance obligations is the thrust of a joint statement issued Monday by the three federal banking regulators, the federal credit union regulator […]
The Federal Financial Institutions Examination Council will hold a webinar to promote awareness of efforts to develop alternative reference rates to LIBOR – the London Interbank Offered Rate – due to uncertainty about the continued […]
The list of jurisdictions with deficiencies in strategic anti-money laundering and combatting financing of terrorism (AML/CFT) was updated Wednesday by federal law enforcement, action it said may affect U.S. financial institutions’ obligations and risk-based approaches. […]
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