FinCEN

FinCEN: US Banks Should Be Wary Of Nicaragua Assets
FinCEN: US Banks Should Be Wary Of Nicaragua Assets
October 04, 2018  |  Security & Fraud

The Financial Crimes Enforcement Network said Thursday (October 4) that U.S. financial institutions are at increased risk that proceeds from Nicaragua may enter the U.S....

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Massachusetts Credit Union Gets Into Cannabis Banking
Massachusetts Credit Union Gets Into Cannabis Banking
September 18, 2018  |  Banking

A credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. Get the Full Story...

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Bitcoin Daily: India Considers Crypto For Financial Transactions; Bitcoin Makes Up Half Of Crypto Market
Bitcoin Daily: India Considers Crypto For Financial Transactions; Bitcoin Makes Up Half Of Crypto Market
August 14, 2018  |  Bitcoin

The Ministry of Industry and Information Technology (MIIT) in China is seeking to double down on its efforts to make a fertile environment for blockchain...

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FinCEN Eyes Cryptocurrency Amid 1,500 Monthly Complaints
FinCEN Eyes Cryptocurrency Amid 1,500 Monthly Complaints
August 13, 2018  |  Regulation

1,500 complaints about suspicious activity per month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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May’s Days See CDD And GDPR Take Effect
May’s Days See CDD And GDPR Take Effect
May 14, 2018  |  Regulation

May 11 marked a watershed moment of sorts when, this past Friday, the final customer due diligence rule via the Financial Crimes Enforcement Network (FinCEN)...

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CDD Rule Becomes Official
CDD Rule Becomes Official
May 11, 2018  |  Bank Regulation

The deadline cometh. Today (May 11) is the day the final rule, served up by the Financial Crimes Enforcement Network (FinCEN), takes effect. Get the Full Story...

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GIACT: Beneficial Ownership Compliance: Ready But Mostly Not
GIACT: Beneficial Ownership Compliance: Ready But Mostly Not
May 10, 2018  |  Bank Regulation

May 11 is basically here, with new Customer Due Diligence rules likely to send ripples, if not shockwaves, across the FI landscape. As GIACT EVP of...

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Trulioo GM: FinCen, Technology And ID’ing Beneficial Owners
Trulioo GM: FinCen, Technology And ID’ing Beneficial Owners
May 02, 2018  |  Regulation

Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes that the nuances...

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Latvia’s Central Bank Rocked By Bribery, North Korean Sanction Violations
Latvia’s Central Bank Rocked By Bribery, North Korean Sanction Violations
February 20, 2018  |  International

Latvia’s banking system is facing more issues. Not only did one bank have to request emergency support after U.S. officials accused it of helping to...

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