Banks and credit unions are not barred from sharing information contained on anti-money laundering reports about potentially fraudulent or other suspicious transactions with other financial institutions or customers if the existence of the report is […]
Banks will no longer have to file suspicious activity reports (SARs) with the term “SKN Passport” in the narrative for transactions involving investors in the Caribbean nation of St. Kitts and Nevis, the Treasury’s financial […]
More than 15% of active FBI investigations in fiscal year (FY) 2023 were linked to anti-money laundering tools such as currency transaction reports (CTRs) and suspicious activity reports (SARs), the Treasury Department’s financial crimes enforcement […]
Trend data from depository institutions’ suspicious activity report (SAR) filings to Treasury’s Financial Crimes Enforcement Network (FinCEN) shows that this year’s filings – more than 1 million through June – are on pace to exceed […]
The number of ransomware incidents reported to Treasury’s financial crimes enforcement unit for the first half of 2021 exceeded those reported in all of 2020, according to a report released Friday under last year’s anti-money […]
Online child sexual exploitation (OCSE) crimes are on the rise, and the Treasury’s top enforcement unit is highlighting some financial trends related to the crimes, the agency said in a notice issued Thursday. Additionally, the […]
A final rule to address parent companies of industrial loan companies and banks, a proposed rule to amend suspicious activity report (SAR) regulation at banks, and a 2021 agency operating budget of $2.28 billion were […]
It is critical that federal regulators support technological change at the financial institutions that support their vital communities, and a new technology innovation office will help provide that support, the board chairman of the federal […]
Older customers who are increasingly becoming victims of exploitation at banks and other such firms are the subjects of “hundreds of thousands” of suspicious activity reports (SARs) being filed by the financial institutions, the federal […]
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