Tag: Financial Crimes Enforcement Network (FinCEN)

The ex-compliance chief of MoneyGram International Inc. (MoneyGram) is found personally liable for MoneyGram’s AML failures. The lawsuit is unprecedented ...

The Corporate Transparency Act (CTA) passed last year mandates FinCEN to establish a national registry of ultimate beneficial ownership (UBO) ...

The CTA changes what constitutes beneficial ownership and establishes more robust automated data collection. In addition, it increases responsibilities and ...

The Corporate Transparency Act (CTA) will require millions of U.S. businesses to provide beneficial ownership information to the federal government. ...

Gavin/Solmonese’s Anne Eberhardt explores the opposition to the Corporate Transparency Act of 2019, stemming in part from privacy concerns and ...

Anti-money laundering laws have now seen the most significant reformation of the Bank Secrecy Act since the adoption of the ...

FinCEN has proposed lowering the “Recordkeeping Rule” and “Travel Rule” thresholds, and although the changes would benefit law enforcement, they ...

Recent coverage of the FinCEN data leak has illuminated the need for an evolution in SAR filing. Hummingbird CEO Joe ...

FinCEN recently released the factors it will use when deliberating an action against a financial institution for Bank Secrecy Act ...

A modification has been proposed by FinCEN and the Federal Reserve board to lower the threshold for the requirement to ...

COVID-19 has caused a significant shift in the way financial institutions are doing business. Fenergo’s Rachel Woolley discusses what they ...

Trading regulations on CVCs are due for a refresher course from FinCEN in light of recent penalties against a P2P ...