Tag: FinCEN

Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. It exposed over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?

The US Congress passed the Anti-Money Laundering Act 2020 and could be one of the most impactful changes to AML for two decades. This new...

FinCEN has fined Capital One with a $390m civil money penalty for engaging in both wilful and negligent violations of the Bank Secrecy Act.

Major US financial markets watchdogs have issued a joint fact sheet to make it easier for banks to tackle risks when it comes to charities and non-profit organisations.

US regulators have come together to issue a joint statement reminding those engaged with digital asset to meet anti-money laundering (AML) and counter financing terrorism (CFT).

Federal Bank Regulatory Agencies and FinCEN have issued a joint statement to further efforts around improving transparency for the risk-based approach to Bank Secrecy Act (BSA) and anti-money laundering (AML).

The US’ Financial Crimes Enforcement Network (FinCEN) has issued guidance around regulatory requirements of virtual currencies.

The US’ Financial Crimes Enforcement Network (FinCEN) has fined a Bitcoin trader $30,000 for breaching the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.

GIACT Systems has launched a digital platform to address the new FinCEN rule on beneficial ownership.

CryptoSecurities Exchange (CSX) is set to be world’s fully transparent, code-regulated, blockchain-based securities exchange registered with the SEC.