FinCEN

FinCEN Looks to Turn Tech Sprint Proposals Into Regulatory Actions
FinCEN Looks to Turn Tech Sprint Proposals Into Regulatory Actions
May 06, 2022  |  Regulation

For a few weeks in April, experts in digital identity from banks, vendors, FinTech, law firms and regulators worked in the Digital Identity Tech Spring to...

READ MORE >
Public-Private Collaboration Crucial to Innovating Digital Identity
Public-Private Collaboration Crucial to Innovating Digital Identity
April 28, 2022  |  Security & Fraud

A few weeks ago, the Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) organized a Tech Sprint, inviting experts from the...

READ MORE >
FinCEN Praised Automated AML Systems, Digital Identity Solutions
FinCEN Praised Automated AML Systems, Digital Identity Solutions
April 08, 2022  |  Regulation

The Financial Crimes Enforcement Network (FinCEN) has intensified its fight against money laundering for the last few years. But in this endeavor, the regulator relies...

READ MORE >
FinCEN’s AML Probes Identify Customer Due Diligence Deficiencies
FinCEN’s AML Probes Identify Customer Due Diligence Deficiencies
April 01, 2022  |  AML

The Financial Crimes Enforcement Network (FinCEN) has imposed more than $600 million in fines for anti-money laundering (AML) violations in just 14 months (from January 2021...

READ MORE >
FinCEN Data Shows Increase in Identity-Related Filings, Stressing Importance of KYC Programs
FinCEN Data Shows Increase in Identity-Related Filings, Stressing Importance of KYC Programs
March 30, 2022  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) published Monday (March 28) its Suspicious Activity Report (SAR) data for 2021. Get the Full Story Complete the form...

READ MORE >
FinCEN Announces $140M Fine Against USAA FSB for Violations of Bank Secrecy Act
FinCEN Announces $140M Fine Against USAA FSB for Violations of Bank Secrecy Act
March 17, 2022  |  Bank Regulation

The Financial Crimes Enforcement Network (FinCEN) has announced a $140 million civil money penalty against USAA Federal Savings Bank for “willful violations” of the Bank...

READ MORE >
FinCEN Joins Multi-National Task Force on Russian-Related Finance, Sanctions
FinCEN Joins Multi-National Task Force on Russian-Related Finance, Sanctions
March 16, 2022  |  Fraud Prevention

The Financial Crimes Enforcement Network (FinCEN) announced Wednesday (March 16) that it will be supporting the Russian Elites, Proxies and Oligarchs (REPO) Task Force, which...

READ MORE >
US Treasury Dept. Warns of Possible Evasions of Russian Sanctions
US Treasury Dept. Warns of Possible Evasions of Russian Sanctions
March 07, 2022  |  Legal

The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, has issued an alert advising financial institutions to be wary of companies trying to dodge...

READ MORE >
FinCEN Deputy Director Touts AML Improvements
FinCEN Deputy Director Touts AML Improvements
March 03, 2022  |  AML

AnnaLou Tirol, deputy director of money laundering and terrorist financing watchdog Financial Crimes Enforcement Network (FinCEN), on Thursday (March 3) told attendees at AML Intelligence’s...

READ MORE >