VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a civil money penalty of $50,000 against Pinnacle Capital Markets, LLC, Raleigh, N.C…
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I would like to spend our time together this morning sharing what FinCEN is trying to do with our efforts to bring a more comprehensive Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime to the prepaid access industry.
Prepaid products, also known as stored value, stored value cards…
In preparation for the retirement of the Magnetic Media program, FinCEN is no longer accepting new applications to batch file BSA forms using tapes and/or diskettes. New users who wish to batch file their BSA forms should submit these files using the BSA E-Filing system. A future announcement…
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN), today released its 2009 Mortgage Loan Fraud (MLF) study which found the number of mortgage fraud suspicious activity reports (SARs) filed in 2009 grew 4 percent compared with the…
VIENNA, Va. - FinCEN today announced the availability of Somali language brochures to facilitate money services businesses' (MSBs) ability to more easily comply with the requirements of the Bank Secrecy Act (BSA). The materials made available today cover BSA compliance obligations, currency…
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN), in a new report released today, announced the findings of a months-long outreach campaign to money services businesses (MSBs). The report is based on…
FinCEN has submitted a notice for publication in the Federal Register that will provide a 30-day extension of the public comment period for the following notice of proposed rulemaking (NPRM):…
Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr. participated in a town hall meeting today sponsored by the Minnesota Bankers Association with approximately 25 Minnesota depository institutions with assets under $5 billion.
Today's meeting was held in conjunction…
VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released an assessment - Assessing the Impact of Amendments to the CTR Exemption Rules Implemented on January 5, 2009 - of the impact of changes made to currency transaction report (CTR) requirements that shows fewer CTR…