Newsroom

| News
Treasury Under Secretary for Enforcement Raymond W. Kelly said Monday that federal authorities investigating a money laundering method in the New York metropolitan area have seized more than $29 million in illicit funds being sent to Colombia. The anti-money laundering initiative was instituted…
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SACRAMENTO-- Attorney General Dan Lungren today applauded the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) proposal to more tightly regulate cash transactions at California cardrooms and Indian casinos."The Treasury Department's effort to clamp down on the potential…
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The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued today a notice of proposed rulemaking that would extend regulations aimed at combating money laundering to card club establishments. Most frequently found in California, card clubs typically offer facilities for…
| Advisory
FinCEN AdvisoryThis Advisory is of special interest to banks at which Mexican institutions maintain correspondent accounts. However, the Advisory is being distributed to all banks.Mexican bank drafts have long been used to facilitate trade and commercewithin the United States/Mexican border region…
| Advisory
FinCEN Advisory This advisory is provided to alert recipients to known or suspected money laundering schemes reported by members of the Financial Action Task Force. The new era of financial globalization is altering the roles of thefinancial, regulatory and law enforcement communities—they must…
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Law enforcement financial investigations will be aided by a long sought provision in legislation recently signed by President Clinton. The Taxpayers Bill of Rights, HR 2337, contains a provision which will now allow federal, state, local, and foreign government agencies access to information…
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The Treasury Department today announced a new bank reporting rule designed to both significantly reduce unnecessary paperwork for America's banks and improve the quality of information routinely provided to law enforcement. The new rule will go into effect May 1, 1996, changing the previous…
| Advisory
FinCEN Advisory This Advisory provides answers to some of the most frequentlyasked questions concerning the new BSA recordkeeping rules for funds transfers and transmittals of funds. The new Bank Secrecy Act recordkeeping rules for funds transfers andtransmittals of funds became effective on May…
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The Treasury Department today announced a new bank reporting rule designed to both significantly reduce unnecessary paperwork for America's banks and improve the quality of information routinely provided to law enforcement.The new rule will go into effect May 1, 1996, changing the previous…
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Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board issued amendments to the two funds transmittal (wire transfer) rules that were published in January 1995 and extended the effective date of the rules, as amended, to May 28, 1996…