Las Vegas, NV - Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr. today announced the publication of a detailed set of Frequently Asked Questions (FAQs) developed to assist the casino and gaming industry in complying with its responsibilities under the Bank Secrecy Act (…
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Charlotte, N.C. - In a speech today to the Money Transmitter Regulators Association Annual Conference, James H. Freis, Jr., Director of the Financial Crimes Enforcement Network (FinCEN), announced the availability of a new reference on common errors seen in Suspicious Activity Reports (SARs).…
U.S. Treasurer Anna Escobedo Cabral will visit the Financial Crimes Enforcement Network (FinCEN) to announce the launch of outreach materials for Money Services Businesses (MSBs) in seven (7) foreign languages. The outreach materials, which are already available in English, will be available in…
The Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC) today announced the assessment of concurrent civil money penalties, each $10 million, against Union Bank of California, N.A. (Union Bank ) of San Francisco, California, for violations of the…
FinCEN Issues a Warning Notice Against Fraudulent Stop Order Scams
The Financial Crimes Enforcement Network (FinCEN) announced today the issuance of a warning notice about an ongoing scam whereby individuals are using the Treasury or the FinCEN seal and…
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 and the Financial Crimes Enforcement Network…
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) announced today the issuance of a final rule implementing a key provision of Section 312 of the USA PATRIOT Act, clarifying the risk-based procedures that U.S. financial institutions should use in tailoring their enhanced due…
The Board of Governors of the Federal Reserve System and the Financial Crimes Enforcement Network (FinCEN) on Monday announced that they have concurrently assessed $20 million in civil money penalties against American Express Bank International (AEBI) of Miami, Florida for violations of the Bank…
VIENNA, Va. - James H. Freis, Jr., Director of the Financial Crimes Enforcement Network (FinCEN), today issued the following statement about the federal financial regulatory agencies' Interagency Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements:…
VIENNA, Va. - The Financial Crimes Enforcement Network issued today the latest edition of theSAR Activity Review - By The Numbersthat introduces a number of visual enhancements aimed at providing financial institutions with more information on the geographical dispersion of the…
VIENNA, Va. - The Financial Crimes Enforcement Network announced today a final rule that exempts casinos from the requirement to file currency transactions reports (CTRs) on jackpots from slot machines and video lottery terminals. The final rule also exempts reportable transactions in currency,…
VIENNA, Va. – James. H. Freis, Jr., Director of the Financial Crimes Enforcement Network, hosted the 27th plenary of the Bank Secrecy Act Advisory Group (BSAAG) on Wednesday. At the meeting, his first since becoming FinCEN’s Director in April, Director Freis pledged to work closely with all…
The Financial Crimes Enforcement Network (FinCEN) today filed a Federal Register notice announcing the delayed implementation of certain revised Suspicious Activity Report (SAR) forms that were scheduled to become effective on June 30, 2007.…