Enforcement Actions

Under the Bank Secrecy Act (BSA), 31 U.S.C. 5311 et seq., and its implementing regulations at 31 C.F.R. Chapter X (formerly 31 C.F.R. Part 103), FinCEN may bring an enforcement action for violations of the reporting, recordkeeping, or other requirements of the BSA. FinCEN's Office of Enforcement evaluates enforcement matters that may result in a variety of remedies, including the assessment of civil money penalties. For example, civil money penalties may be assessed for recordkeeping violations under 31 C.F.R §1010.415 (formerly 31 C.F.R. §103.29), or for reporting violations for failing to file a currency transaction report (CTR) in violation of 31 C.F.R. §1010.311 (formerly 31 C.F.R. §103.22), a suspicious activity report (SAR) in violation of 31 C.F.R. § 1021.320 (formerly 31 C.F.R. §103.21), or a report of foreign bank and financial accounts (FBAR) in violation of 31 C.F.R §1010.350 (formerly 31 C.F.R. §103.24). FinCEN also takes enforcement actions against money services businesses (MSBs) for failure to register with FinCEN in violation of 31 C.F.R §1022.380 (formerly 31 C.F.R. §103.41).

Enforcement Actions for Failure to Register as a Money Services Business

If you are unable to download a copy of an enforcement action from FinCEN's Web site, you may request that a paper copy be mailed to you by: (i) an e-mail: frc@FinCEN.gov; (ii) a fax request to FinCEN's fax number at 202-354-6411; or (iii) a call to FinCEN's Regulatory Helpline at 1-800-949-2732. The request should include your name and name of your organization; the enforcement action and matter number as listed on the index; and a method of sending the document to you (postal address, fax number, or telephone number for arranging pick-up).

 

Enforcement Action Date Sort ascending Matter Number Financial Institution
In the Matter of B.A.K. Precious Metals, Inc. 2015-12 Precious Metals/Jewelry Industry
In the Matter of Oaks Card Club d/b/a Oaks Club 2015-11 Casinos
In the Matter of Desert Palace, Inc. d/b/a Caesars Palace 2015-10 Casinos
In the Matter of Lee’s Snack Shop, Inc. and Hong Ki Yi 2015-09 Money Services Businesses
In the Matter of Bank of Mingo 2015-08 Depository Institutions
In the Matter of Hong Kong Entertainment (Overseas) Investments, Ltd., d/b/a Tinian Dynasty Hotel & Casino 2015-07 Casinos
In the Matter of King Mail & Wireless Inc., and Ali Al Duais 2015-06 Money Services Businesses
In the Matter of Ripple Labs, Inc. XRP Fund II, LLC Attachment A: Statement of Facts and Violations Attachment B: Remedial Framework 2015-05 Money Services Businesses
In the Matter of Aurora Sunmart Inc. and Jamal Awad 2015-04 Money Services Businesses
In the Matter of Trump Taj Mahal Casino Resort 2015-02 Casinos
In the Matter of First National Community Bank of Dunmore, Pennsylvania 2015-03 Depository Institutions
In the Matter of Oppenheimer & Co., Inc. 2015-01 Securities and Futures