financial crimes enforcement network

Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
June 12, 2023  |  Regulation

In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses.  Lawmakers are moving to reform the Financial...

READ MORE >
FinCEN Warns of Rise in Mail-Related Check Fraud
FinCEN Warns of Rise in Mail-Related Check Fraud
February 27, 2023  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) is warning banks of a nationwide surge in check fraud. “Criminals have been increasingly targeting the U.S. Mail and...

READ MORE >
Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
January 30, 2023  |  Regulation

The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that...

READ MORE >
Pulse Check on Capitol Hill’s Plans for Crypto Markets Regulation
Pulse Check on Capitol Hill’s Plans for Crypto Markets Regulation
December 14, 2022  |  Cryptocurrency

With crypto markets in turmoil, regulating the volatile industry has become a priority for lawmakers. This pivot comes as the collapse of cryptocurrency exchange FTX...

READ MORE >
Ransomware Groups Target Public Companies and Healthcare 
Ransomware Groups Target Public Companies and Healthcare 
December 09, 2022  |  Security & Fraud

Fake medical documents and fabricated “evidence” are two new schemes being deployed by ransomware groups. Krebs on Security reported Thursday (Dec. 8) that these schemes...

READ MORE >
Australia Eyes Ban on Paying Ransoms to Hackers
Australia Eyes Ban on Paying Ransoms to Hackers
November 13, 2022  |  Security & Fraud

Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). “The idea that we’re going...

READ MORE >
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

READ MORE >
TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
June 10, 2022  |  Regulation

This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle...

READ MORE >
Today in TechREG: FinCEN Proposes Rulemaking For New Enforcement Tool
Today in TechREG: FinCEN Proposes Rulemaking For New Enforcement Tool
June 06, 2022  |  Regulation

Today, a court in Australia found Google liable for defamatory videos posted on its YouTube platforms targeting a senior politician. The court ordered Google to...

READ MORE >