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Jennifer Shasky Calvery announced today that she will be leaving her position as Director of the Financial Crimes Enforcement Network (FinCEN) at the end of May. Ms. Calvery has served as FinCEN’s director since September 2012. Her entire career has been spent in service to the public, including 15…

Good morning. I would like to thank ACAMS for inviting me to be a part of its anti-money laundering (AML) and financial crimes conference again this year. I would like to spend a few minutes this morning discussing an area of longstanding concern at FinCEN: money laundering through real estate. As…

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced a $1 million civil money penalty against Sparks Nugget, Inc. d/b/a John Ascuaga’s Nugget, of Sparks, Nevada. Sparks Nugget admitted that it willfully violated the anti-money laundering (AML) provisions of the Bank…

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today proposed to amend the Bank Secrecy Act’s (BSA) definition of “Broker or Dealer in Securities” in order to ensure that funding portals implement policies and procedures reasonably designed to achieve compliance with the BSA…