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Statement of FinCEN Acting Director Himamauli Das before the House Committee on Financial Services

Prepared remarks of FinCEN Acting Director Himamauli Das before the U.S. House Committee on Financial Services

FinCEN Assesses $1.5 Million Civil Money Penalty against Kingdom Trust Company for Violations of the Bank Secrecy Act

WASHINGTON—The Financial Crimes Enforcement Network has assessed a $1.5 million civil money penalty on South Dakota-chartered The Kingdom Trust Company (Kingdom Trust) for willful violations of…

In the Matter of The Kingdom Trust Company
FinCEN Fiscal Year 2022 in Review

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued its FinCEN Year in Review for FY 2022. The Year in Review is intended to help stakeholders gain insight into both FinCEN’s efforts to…

FinCEN Renews and Expands Real Estate Geographic Targeting Orders

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non…

Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of the Registration of Money Services Businesses Regulation and FinCEN Form 107
FinCEN Analysis of Business Email Compromise in the Real Estate Sector Reveals Threat Patterns and Trends

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis on patterns and trends identified in Bank Secrecy Act (BSA) data relating to business email compromise (BEC) in the real…

FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1…

Financial Action Task Force Suspends the Membership of the Russian Federation, and Identifies Jurisdictions with Anti-Money Laundering and Combating the Financing of Terrorism and Counter-Proliferation Deficiencies

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is informing U.S. financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering…

Comment Request; Proposed Renewal Without Change of Information Collection Requirements in Connection with the Imposition of a Special Measure Against the Islamic Republic of Iran as a Jurisdiction of Primary Money Laundering Concern