WASHINGTON – The Financial Crimes Enforcement Network and the Office of the Comptroller of the Currency announced today that they have each assessed a $24 million civil money penalty against…
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The federal banking and thrift agencies, along with the Financial Crimes Enforcement Network (FinCEN), today announced registration details for a live webcast of the Bank Secrecy Act/Anti-Money Laundering Examination Manual outreach event in New York on August 22.The webcast is open to all…
The Federal banking and thrift agencies, along with the Financial Crimes Enforcement Network (FinCEN), today announced registration details for the upcoming outreach events related to the Bank Secrecy Act/Anti-Money Laundering Examination Manual that was released on June 30. The events include…
The Financial Crimes Enforcement Network, announced today that Judith R. Starr, the Chief Counsel to the Financial Crimes Enforcement Network since December 2001, has accepted the position of General Counsel to the Pension Benefit Guaranty Corporation.“Judith has been a steady source of advice…
The Federal Financial Institutions Examination Council (FFIEC) today released the Bank Secrecy Act/Anti-Money Laundering Examination Manual (FFIEC BSA/AML Examination Manual). The manual’s release marks an important step forward in the effort to ensure the consistent application of the BSA to…
Under an interim final rule announced today by the Financial Crimes Enforcement Network (FinCEN), dealers in precious metals, stones or jewels are required to establish anti-money laundering programs. At a minimum, dealers must…
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury today announced the signing of Memoranda of Understanding (MOU) setting forth information sharing agreements between FinCEN and more than half of the State banking agencies in the country. These information…
The Financial Crimes Enforcement Network (FinCEN), along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision (…
The Financial Crimes Enforcement Network (“FinCEN”), together with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration (…
As part of the Financial Crimes Enforcement Network’s ongoing efforts to enhance the security and the health of the U.S. financial system, today the Nonbank Financial Institutions and the Examinations subcommittees of the Bank Secrecy Act Advisory Group jointly held a fact-finding meeting to…
The Nonbank Financial Institutions and Examinations Subcommittees of the Bank Secrecy Act Advisory Group will hold a press conference at 4:15 p.m. on March 8, 2005 immediately following a fact-finding meeting on that day to solicit information surrounding the provision of banking services to…
The Financial Crimes Enforcement Network announced today the release of an interim adjustment to its Strategic Plan for Fiscal Years 2003 – 2008. This adjustment to the regular strategic planning cycle covers Fiscal Years 2006-2008 and…
The Financial Crimes Enforcement Network (FinCEN) today issued Interpretative Guidance clarifying that a Money Services Business must establish, as a part of its anti-money laundering program, appropriate risk-based policies, procedures and…