WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $4 million civil money penalty (CMP) against Gibraltar Private Bank and Trust Company of Coral Gables, Florida, for willfully…
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The Financial Crimes Enforcement Network (FinCEN) is withdrawing three findings and relatedproposed rulemakings under Section 311 of the USA PATRIOT Act, after having determinedthat the subjects of the rulemakings no longer pose a money laundering threat to the U.S.financial system.
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WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) today issued Geographic Targeting Orders (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons behind companies used to pay “all cash” for high-end residential real estate in the…
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $200,000 civil money penalty against a Los Angeles precious metals business, as well as its owner and compliance officer. B.A.K…
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $200,000 civil money penalty against a Los Angeles precious metals business, as well as its owner and compliance officer. B.A.K…
The Financial Crimes Enforcement Network (FinCEN) today announced the availability of two related documents that are part of the Customer Due Diligence Requirements for Financial Institutions Proposed Rulemaking: A Regulatory Impact Assessment (RIA) and an Initial Regulatory Flexibility Analysis…
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced its first settlement with and assessment against a “card club” gaming establishment. Oaks Card Club d/b/a Oaks Club (Oaks), of…
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced its first settlement with and assessment against a “card club” gaming establishment. Oaks Card Club d/b/a Oaks Club (Oaks), of…
WASHINGTON, D.C. – Financial Crimes Enforcement Network (FinCEN) Director Jennifer Shasky Calvery and the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) Director-General Luo Yang of the People's Republic of China signed a Memorandum of Understanding (MOU) this week to…
WASHINGTON, DC – Jennifer Shasky Calvery, Director of the Financial Crimes Enforcement Network (FinCEN), announced today the selection of Andrea M. Sharrin as Associate Director for its Policy Division. Ms. Sharrin will oversee FinCEN’s regulatory functions and lead the staff that defines the…
On October 19, 2015, the United States Bankruptcy Court for the Northern District of Illinois approved the Financial Crimes Enforcement Network’s (FinCEN’s) settlement with Desert Palace, Inc. d/b/a Caesars Palace. FinCEN had previously announced the settlement, noting that it was subject to…
On April 21, 2015, FinCEN issued a GTO that requires enhanced reporting and recordkeeping by electronics exporters located near Miami, Florida. FinCEN is renewing the GTO for an additional 180 days beginning on October 26, 2015.
The renewed Geographic Targeting Order can be found…
WASHINGTON- – The Financial Crimes Enforcement Network (FinCEN) today announced a settlement with Desert Palace, Inc. d/b/a Caesars Palace where Caesars agreed to pay an $8 million civil money penalty for its willful and…