Washington – Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Evil Corp, the Russia-based cybercriminal organization responsible for the development and distribution of the Dridex malware. Evil Corp has used the Dridex malware to infect computers and…
Newsroom
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today released a new strategic analysis of Bank Secrecy Act (BSA) reporting, indicating that elders face an increased threat to their financial security by both domestic and foreign actors. Elder financial exploitation Suspicious…
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has announced the realignment of its Liaison Division as the Strategic Operations Division (Strategic Ops), effective November 24, 2019. Strategic Ops will be responsible for designing and implementing FinCEN’s strategic partnerships…
Introduction
Good morning, everyone. Thank you for that wonderful introduction.
It is great to be here with you today to discuss FinCEN, our mission, and how together – working with all of you – our collective focus on convertible virtual currency (CVC) and responsible innovation…
Kenneth A. Blanco, Director of the Financial Crimes Enforcement Network (FinCEN), spoke at the Chainalysis Blockchain Symposium on Friday, November 15. He addressed the issue of "regulatory clarity"; the value of Bank Secrecy Act data; FinCEN’s Funds Travel Rule; stablecoins and anonymity-enhanced…
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate. The purchase…
This week, FinCEN Director Kenneth A. Blanco and staff representing several FinCEN technical professions travelled to Atlanta to speak with administrators, professors, and college students at Morehouse and Spelman, both prominent Historically Black Colleges and Universities (HBCU), and to support a…