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July 07, 2008
FinCEN Proposal Panned
Looking a gift horse in the mouth, banks say they don’t want FinCEN’s idea of a regulatory relief measure.
June 09, 2008
SARs Reveal Trends
FinCEN has released its analysis of trends in recent SAR filings.
May 19, 2008
FinCEN Warns of Fraud in Refinancings
Money laundering is a growing problem in the real estate industry, the Financial Crimes Enforcement Network warned, and the coming wave of refinancings will only magnify the problem.
February 04, 2008
Institutions Face New BSA Burden In Sigue Settlement
The settlement of a money laundering case may have raised the bar for Bank Secrecy Act compliance, experts warn.
October 29, 2007
FinCEN Will Provide Search Verification
Banks that search their data at the request of law enforcement agencies will be able to receive official confirmation of the searches from the anti-money laundering agency.
October 15, 2007
FinCEN Issues SARs Guidance
The agency publishes a list of lessons learned from money services businesses.
August 13, 2007
FinCEN Adopts Rules on Foreign Banks
New due-diligence standards apply to only a few categories of foreign correspondent institutions.
January 22, 2007
FinCEN Endorses Wire Transfer Reports
FinCEN has informed Congress that reporting cross-border wire transfer data is technically feasible and may be valuable in combating money laundering.
January 08, 2007
Big Penalties Mark BSA Enforcement
A wide variety of institutions are getting hit with major penalties for Bank Secrecy Act violations.
December 11, 2006
FinCEN Warns of Money Laundering in CRE Transactions
Skyrocketing SAR filings point to a crisis.
November 20, 2006
FinCEN Warns of Shell Corporations
Shell corporations can be a money laundering hazard, FinCEN believes. The trouble is, they can be chartered routinely in most U.S. states.
November 06, 2006
Israeli Bank Hit with Second Bank Secrecy Act Penalty
Violations detected earlier lead to big fine.
October 30, 2006
Paycheck Blues at FinCEN
FinCEN’s director complains low pay is causing a brain drain at his agency.
October 16, 2006
Wire Transfer Reports May Be Limited
The Treasury is considering whether to require reporting the details of international wire transfers. One top official believes the rule may apply only to institutions that actually send the transfer to a foreign destination, not all banks that may handle it.
August 07, 2006
BSA/AML Examination Manual Updated
The regulators have revised their Bank Secrecy Act/Anti-Money Laundering Examination Manual.
May 01, 2006
FinCEN Clarifies Check Cashing Rule
FinCEN describes how a bank’s customer can cash its own checks without being treated as a money services business.
February 13, 2006
Katrina Relief Fraud: FinCEN Issues Warning
Some people will find a way to take advantage of any situation — including natural disasters. FinCEN has issued a warning about fraud involving hurricane relief funds.
August 15, 2005
FinCEN Advises on Structuring
May 16, 2005
FinCEN Defends SARs Safe Harbor
Banks continue to increase their protection against lawsuits filed by customers who are the target of suspicious activity reports.
May 02, 2005
FinCEN Issues More MSB Guidance
FinCEN and the bank regulators have issued new guidance clarifying the requirements for providing banking services to money services businesses.
December 20, 2004
FinCEN, OFAC Clear Things Up
November 08, 2004
FinCEN Publishes Oct. Fact Sheet
October 25, 2004
Regulators Sign Agreement with FinCEN
August 23, 2004
FinCEN Responds to Unauthorized SAR Disclosure
FinCEN Warns of Current Trends Included in SARs
