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FinCEN Issues Advisory to Financial Institutions on E-Mail Compromise Fraud Schemes
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to help financial institutions guard against a growing number of e-mail fraud schemes in which criminals misappropriate funds by deceiving financial institutions and their customers into conducting wire transfers.    Advisory…
| Advisory
FinCEN Advisory - FIN-2016-A003
Criminals are actively using e-mail schemes to defraud financial institutions and their customers—billions of dollars in possible losses. The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to help financial institutions guard against a growing number of e-mail fraud schemes…
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U.S. Department of the Treasury and Federal Banking Agencies Joint Fact Sheet on Foreign Correspondent Banking
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FinCEN Proposes Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator
To ensure consistent Bank Secrecy Act (BSA) coverage across the banking industry, FinCEN is proposing to require banks lacking a Federal functional regulator to establish and implement Anti-Money Laundering Programs. FinCEN also is proposing to extend Customer Identification Programs (CIP)…
| Federal Register Notice
Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator
| Federal Register Notice
Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against Commercial Bank of Syria, Including Its Subsidiary Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern
| Speech
Prepared Remarks of FinCEN Associate Director for Enforcement Thomas Ott, delivered at the National Title 31 Suspicious Activity & Risk Assessment Conference and Expo
Prepared Remarks of FinCEN Associate Director for Enforcement Thomas Ott National Title 31 Suspicious Activity & Risk Assessment Conference and Expo Las Vegas, Nevada   Introduction Good morning. I would like to thank Mindy for the very kind introduction, as well as Jim Dowling, who…
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FinCEN Names Thomas Ott as Associate Director of Enforcement
WASHINGTON—Jamal El-Hindi, Acting Director of the Financial Crimes Enforcement Network (FinCEN), announced today the selection of Thomas P. Ott as Associate Director for its Enforcement Division. Mr. Ott will oversee FinCEN’s Bank Secrecy Act compliance and enforcement program. This includes…
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Notice Regarding Imposition of Fifth Special Measure against FBME Bank, Ltd.
On March 31, 2016, following a voluntary remand ordered by the United States District Court for the District of Columbia, FinCEN published in the Federal Register a Final Rule imposing the fifth special measure against FBME Bank Ltd. (FBME), which was scheduled to take effect on July 29, 2016. On…
Golden Gate Bridge and Skyline
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FinCEN Expands Reach of Real Estate “Geographic Targeting Orders” Beyond Manhattan and Miami
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced Geographic Targeting Orders (GTO) that will temporarily require U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major…