Guidance

Guidance is intended to clarify obligations or respond to questions of general applicability that arise under the Bank Secrecy Act and implementing regulations at 31 CFR Chapter X. FinCEN alerts, advisories, notices, bulletins, and fact sheets are located here. Guidance regarding beneficial ownership reporting requirements under the Corporate Transparency Act can be found here. Other information pertaining to the Anti-Money Laundering Act of 2020 is available here.
GUIDANCE TO FINANCIAL INSTITUTIONS ON THE PROVISION OF BANKING SERVICES TO NORTH KOREAN GOVERNMENT AGENCIES AND ASSOCIATED FRONT COMPANIES ENGAGED IN ILLICIT ACTIVITIES.

This advisory warns U.S. financial institutions that the U.S. Department of the Treasury has concerns that the Democratic People’s Republic of Korea (“North Korea”), acting through government agencies and associated front companies, is engaged in illicit activities and may be seeking banking…

| Insurance Industry
Anti-Money Laundering Program and Suspicious Activity Reporting Requirements For Insurance Companies Frequently Asked Questions

We are providing the following “Frequently Asked Questions” to assist insurance companies in understanding the scope of the final rules.

1. Why is the Financial Crimes Enforcement Network issuing a regulation requiring insurance companies to establish anti-money laundering…

Amended Memorandum Opinion granting Government’s Motion for Summary Judgment in Wuliger V. Office of the Comptroller of the Currency
| Depository Institutions, Money Services Businesses, Securities and Futures
Frequently Asked Questions: Concerning completion of Part II of FinCEN Form 104, Currency Transaction Report

Concerning Completion of Part II of FinCEN Form 104, Currency Transaction Report

FinCEN is providing the following guidance concerning completion of FinCEN Form 104, Currency Transaction Report. Bank Secrecy Act financial institutions, other than casinos1 and the U.S. Postal Service,…

Order of Magistrate Judge denying motion to compel FDIC to produce suspicious activity report in FDIC v. Flagship Auto Center, Inc.
Statement of Interest of the United States filed in the case of FDIC v. Flagship Auto Center, Inc.
| Precious Metals/Jewelry Industry
Frequently Asked Questions

Interim Final Rule - Anti-Money Laundering Programs for Dealers in Precious Metals, Stones, or Jewels

The Financial Crimes Enforcement Network (“FinCEN”) is issuing these frequently asked questions (“FAQs”) regarding the application of its interim final rule implementing section 352 of…

| Depository Institutions
Interagency Interpretive Guidance on Customer Identification Program Requirements under Section 326 of the USA PATRIOT Act

FAQs: Final CIP Rule

The staff of the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Financial Crimes Enforcement Network, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and the…

| Depository Institutions, Money Services Businesses
Interagency Interpretive Guidance on Providing Banking Services to Money Services Businesses Operating in the United States

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 (…

| Depository Institutions, Money Services Businesses
GUIDANCE TO MONEY SERVICES BUSINESSES ON OBTAINING AND MAINTAINING BANKING SERVICES

This Advisory emphasizes the obligations of money services businesses under the Bank Secrecy Act, and outlines the information and documentation those businesses should have and be prepared to provide when seeking to open or maintain account relationships with banking organizations.

…