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| Guidance
Guidance on Definition of Check Casher and BSA Requirements
1. Is a business that cashes a check with a face value of over $1,000 by providing the customer with $999 in currency and the balance in money orders or a wire transfer a “check casher” for Bank Secrecy Act (BSA) purposes? For purposes of application of the BSA, certain non-bank financial…
| Special Measure
Nauru
| News
FinCEN Issues Report on Informal Value Transfer Systems
The Financial Crimes Enforcement Network (FinCEN) issued today its report on Informal Value Transfer Systems (IVTS), including hawala, in its ongoing effort to gain a more complete understanding of the nature of these systems. Hawala, an IVTS, is a method of monetary value transmission that is used…
| Federal Register Notice
Anti-Money Laundering Programs for Financial Institutions
| Federal Register Notice
Anti-Money Laundering Programs for Insurance Companies
| Federal Register Notice
Anti-Money Laundering Programs for Financial Institutions
| Federal Register Notice
Notice and Request for Comments -- Proposed Collection; Comment Request; Suspicious Activity Report by Financial Institutions
| Advisory
Advisory Withdrawal - Issue 25A
FinCEN AdvisoryWITHDRAWALThis Advisory is being issued to inform banks and other financial institutions operating in the United States that Financial Crimes Enforcement Network (FinCEN) Advisory 25, regarding the Russian Federation, is hereby withdrawn.Since the issuance of Advisory 25, Russia has…
| Guidance
Guidance On Interpreting “Frequently” Found In The Criteria For Exempting A “Non-Listed Business” Under 31 C.F. R. §103.22(d)(2)(vi)(B)
Background Bank Secrecy Act regulations require depository institutions to file with FinCEN currency transaction reports (CTRs) on transactions in currency of more than $10,000 (large currency transactions). See 31 C.F.R. § 103.22. However, the provisions of 31 C.F.R. §103.22(d) permit a…
| Guidance
Reminder of Requirement to Use Reformed CTR Exemption Regulations and to File Designation of Exempt Person Form, TD F 90-22.53, by July 1, 2000
This is a reminder that as of July 1, 2000, depository institutions must use the reformed Currency Transaction Report ("CTR") exemption regulations for exemptions established prior to October 21, 1998 as well as exemptions established after that date, in accordance with 31 C.F.R. Part 103.22 (d)(2…