News - FinCEN.gov
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…
Newsroom - FinCEN.gov
Dec 12, 2024 · WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert today to raise awareness of fraud schemes abusing FinCEN’s name, insignia, and authorities for financial gain.
BOI Newsroom - FinCEN.gov
Sep 19, 2024 · READOUT: FinCEN Deputy Director’s Travel to Houston, TX Area for Beneficial Ownership Outreach Events with Members of Congress (08/15/2024) Treasury News Release: Treasury’s FinCEN Launches Nationwide Public Service Announcements to Inform Business Owners about Beneficial Ownership Reporting Requirements (08/08/2024)
FinCEN Issues Alert on Fraud Schemes Involving Deepfake Media …
Nov 13, 2024 · FinCEN has observed an increase in suspicious activity reporting by financial institutions describing the suspected use of deepfake media, particularly the use of fraudulent identity documents to circumvent identity verification and authentication methods.
FinCEN Issues Proposed Rule to Strengthen and Modernize …
Jun 28, 2024 · WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a proposed rule to strengthen and modernize financial institutions’ anti-money laundering and countering …
FinCEN Issues Final Rule Regarding Access to Beneficial Ownership ...
Dec 21, 2023 · Those reporting requirements take effect on January 1, 2024, the same day that FinCEN will launch its beneficial ownership information technology system to securely collect, process, and store that information. FinCEN will undertake a third rulemaking to revise FinCEN’s Customer Due Diligence rule, as required by the CTA.
FinCEN Proposes Rule to Combat Money Laundering and Promote ...
Feb 7, 2024 · FinCEN’s proposal is tailored to target residential real estate transfers considered to be high-risk for money laundering, while minimizing potential business burden, and it would not require reporting of transfers made to individuals.
FinCEN.gov
Mar 4, 2024 · The Justice Department, on behalf of the Department of the Treasury, filed a Notice of Appeal on March 11, 2024. While this litigation is ongoing, FinCEN will continue to implement the Corporate Transparency Act as required by Congress, while complying with the court’s order.
FinCEN Assesses Record $1.3 Billion Penalty against TD Bank
Oct 10, 2024 · FinCEN’s $1.3 billion settlement is the largest penalty against a depository institution in U.S. Treasury and FinCEN history. FinCEN’s action also imposes a four-year independent monitorship to oversee TD Bank’s required remediation.
FinCEN Announces Largest Settlement in U.S. Treasury …
Nov 21, 2023 · Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) took unprecedented action to hold Binance Holdings Ltd. and several affiliates (collectively, Binance) accountable for willful violations of the Bank Secrecy Act and its implementing regulations.
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