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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty in the amount of $29,280,829.20 against Bittrex, for violations of the Bank Secrecy Act (BSA) and FinCEN’s implementing regulations.  FinCEN’s action is part of a global settlement with the Office…

WASHINGTON—Today, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) took a historic step in support of U.S. government efforts to crack down on illicit finance and enhance transparency by issuing a final rule establishing a beneficial ownership information reporting requirement…

On April 4, 2022, the FDIC and FinCEN Digital Identity Tech Sprint (Tech Sprint) concluded with a Demonstration Day where eight teams of participants demonstrated their solutions to an expert evaluation panel.  Through the Tech Sprint, the FDIC and FinCEN challenged the teams to develop…

    Prepared Remarks Jimmy Kirby Acting Deputy Director Financial Crimes Enforcement Network 2022 Federal Identity Forum & Exposition (“FedID”) Atlanta, Georgia   Good morning.  My name is Jimmy Kirby, and I’m the Acting Deputy Director of the Financial Crimes…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is informing U.S. financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering the…