June 2016
Advisory Information
| Guidance to Financial Institutions Based on the Financial Action Task Force Publication on Anti-Money Laundering and Counter-Terrorist Financing Risks posed by Antigua and Barbuda; Azerbaijan; Bolivia; Greece; Indonesia, Kenya; Morocco; Burma; Nepal; Nigeria; Paraguay; Qatar; Sri Lanka; Sudan; Syria; Trinidad and Tobago; Thailand; Turkey; Ukraine; and Yemen. |
The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to inform banks and other fi
FinCEN Enforcement Actions Greater Than $5 Million
- 01/16/03 - Banco Popular: $21.6 million
- 05/13/04 - Riggs Bank: $25 million
- 10/12/04 - AmSouth Bank: $10 million
- 08/17/05 - NY Branch of Arab Bank: $24 million
- 12/19/05 - NY Branch of ABN AMRO: $30 million
- 04/26/06 - BankAtlantic: $10 million
- 10/31/06 - Israel Discount Bank of NY: $12 million
- 08/06/07 - Amex Bank International: $25 million
- 09/17/07 - Union Bank of California: $10 million
- 04/20/09 - Doha Bank, NY Branch: $5 million
- 3/17/2010 Wachovia Bank: $110 million
Treatment of Armored Car Service Transactions Conducted on Behalf of Financial Institution Customers or Third Parties for Currency Transaction Report Purposes
The Financial Crimes Enforcement Network (’FinCEN’) is issuing this administrative ruling in response to issues and concerns related to FinCEN ruling FIN-2009-R002.1 That ruling clarified that, when an armored car service (’ACS’) is contracted to conduct transactions on behalf of a customer of a financial institution, the financial institution’s Currency Transaction Report (’CTR’) filing requirements would be the same as they would be with any other third-party facilitating a transaction for a customer.
Enforcement Division
FinCEN's Enforcement Division serves as the primary action arm of FinCEN. The division:
Policy Division
FinCEN's Policy Division designs the framework that protects the U.S. financial system from money laundering, terrorist financing, and other illicit finance. In developing policy solutions, the Policy Division considers the needs and equities of all FinCEN stakeholders, including law enforcement, regulators, foreign financial intelligence units, industry, and the public. The division:
Schedule of Money Services Business Meetings
Schedule of Money Services Business Meetings Monday, July 28, 1997 |
FINANCIAL ACTION TASK FORCE ON MONEY LAUNDERING FATF
1997-1998 REPORT on
MONEY LAUNDERING TYPOLOGIES
12 February 1998
FATF-IX REPORT on MONEY LAUNDERING TYPOLOGIES
I. Introduction
MSB Registrant Search Web page
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