Newsroom

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in the United States that Financial Crimes Enforcement Network (FinCEN) Advisory Issue 18, regarding Lebanon, is hereby withdrawn.Since the issuance of Advisory 18, Lebanon has enacted…

In a continuing effort to expand the coverage of suspicious activity reporting to all potentiallyvulnerable sectors of the financial services industry, today the Financial Crimes EnforcementNetwork (FinCEN) announced a new rule requiring brokers and dealers in securities to reportsuspicious…

A seminar to discuss issues surrounding informal value transfer systems, to include hawala, washeld yesterday at the Financial Crimes Enforcement Network (FinCEN). The seminar wasattended by over 50 representatives from the law enforcement community.Hawala is a method of monetary value transmission…

The Financial Crimes Enforcement Network (FinCEN) announced today that it has begun itspilot testing of the Patriot Act Communications System (PACS). PACS is designed to allowparticipating financial institutions to quickly and securely file Bank Secrecy Act (BSA) reportsover the Internet. Phase one…

The Treasury Department today issued and sent to the Federal Register for publication a proposed rule implementing Section 312 of the USA PATRIOT Act. Section 312 requires certain U.S. financial institutions to take prescribed anti-money laundering measures with respect to correspondent and private…