Newsroom

| Guidance
1. Is a business that cashes a check with a face value of over $1,000 by providing the customer with $999 in currency and the balance in money orders or a wire transfer a “check casher” for Bank Secrecy Act (BSA) purposes? For purposes of application of the BSA, certain non-bank financial…
| Special Measure
| News
The Financial Crimes Enforcement Network (FinCEN) issued today its report on Informal Value Transfer Systems (IVTS), including hawala, in its ongoing effort to gain a more complete understanding of the nature of these systems. Hawala, an IVTS, is a method of monetary value transmission that is used…
| Federal Register Notice
| Advisory
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States that Financial Crimes Enforcement Network (FinCEN) Advisory Issue 24, regarding the Philippines, is hereby withdrawn.Since the issuance of Advisory 24, the…
| Guidance
This is a reminder that as of July 1, 2000, depository institutions must use the reformed Currency Transaction Report ("CTR") exemption regulations for exemptions established prior to October 21, 1998 as well as exemptions established after that date, in accordance with 31 C.F.R. Part 103.22 (d)(2…