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It is a pleasure to be back with you today at the Institute of International Bankers' International Banking Anti-Money Laundering Seminar. It was at this seminar three years ago that I gave my first public speech to a large banking industry group, not long after having assumed my current…

Chairman Levin, Ranking Member Camp, and distinguished Members of the Committee, I am Charlie Steele, Deputy Director of the Financial Crimes Enforcement Network (FinCEN), and I appreciate the opportunity to appear before you today to discuss the mission and regulatory authorities of FinCEN and…

WASHINGTON, DC - The Financial Crimes Enforcement Network (FinCEN) and the Federal Deposit Insurance Corporation (FDIC) today announced the assessment of concurrent civil money penalties of $25,000 against Eurobank, San Juan, Puerto Rico, for violating the Bank Secrecy Act (BSA) and similar…

The Federal Financial Institutions Examination Council (FFIEC) today released the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The revised manual reflects the ongoing commitment of the federal and state banking agencies to provide current and consistent guidance…

Chairman Moore, Ranking Member Biggert, and distinguished Members of the Subcommittee, I am Jim Freis, Director of the Financial Crimes Enforcement Network (FinCEN), and I appreciate the opportunity to appear before you today to discuss the findings and recommendations from two recent Government…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released new guidance, Advisory to Financial Institutions on Filing Suspicious Activity Reports Regarding Home Equity Conversion Mortgage Fraud Schemes…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) continues to encourage financial institutions to electronically file Bank Secrecy Act (BSA) reports, and has issued today a brochure that highlights the benefits of using…