News

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate.  The…

[Updated May 10, 2021 to extend application deadline and eligibility criteria]

WASHINGTON–The Financial Crimes Enforcement Network (…

The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the “Supervisory Guidance on Model Risk Management” relate to systems or…

WASHINGTON—Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco today announced several leadership changes impacting the bureau. Director Blanco announced he will depart FinCEN on April 9, after serving as the organization’s director since December 2017. Michael Mosier,…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a wide…

The Financial Crimes Enforcement Network (FinCEN) today issued a report on its Innovation Hours Program, a key element of FinCEN’s broader Innovation Initiative.  The FinCEN…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today convened a virtual FinCEN Exchange event to discuss Bank Secrecy Act (BSA) filing statistics for low-dollar, voluntarily-filed suspicious activity reports (SARs) that contain a transaction nexus to Arizona, New Mexico, Texas,…

FinCEN has issued a Notice to inform financial institutions about ongoing efforts with respect to the Anti-Money Laundering Act of 2020 requirements related to the antiquities…

Section 6211 of the Anti-Money Laundering Act of 2020 (the “AML Act”) requires the Department of the Treasury to periodically convene a global anti-money laundering and financial crime symposium focused on how new technology can be used to more effectively combat financial…

FinCEN has submitted for publication in the Federal Register an Extension Notice, which will lengthen the reopened comment period and set one deadline for all comments addressing its NPRM regarding certain transactions involving convertible virtual currency or digital assets with legal tender…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) announced today that it has submitted for publication in the Federal Register an…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced that Capital One, National Association (Capital One) has been assessed a $390,000,000 civil money penalty for…