Newsroom

| News
WASHINGTON, DC – The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today renewed a Geographic Targeting Order (GTO) currently in place for armored cars and other common carriers of currency at two border crossings in Southern California and issued a new, similar,…
| News
WASHINGTON, DC – The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a final rule, pursuant to Section 311 of the USA PATRIOT Act, which imposes “special measure five” against FBME Bank Ltd. (FBME), formerly known as the Federal Bank of the Middle East.…
| Advisory
On June 26, 2015, the Financial Action Task Force (FATF) updated its list of jurisdictions with strategic AML/CFT deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions. As part of the FATF’s listing and…
| News
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) today for South Florida check cashers to temporarily enhance the identification requirements on customers cashing Federal tax refund checks. South Florida has become a hotbed for stolen…
| News
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today imposed a civil money penalty against Lee’s Snack Shop, Inc. and its owner and compliance officer, Hong Ki Yi, for willful and repeated violations of the Bank Secrecy Act (BSA). Lee’s Snack Shop and Mr. Yi have admitted to…