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FinCEN Draws Attention to Environmental Crimes

The Financial Crimes Enforcement Network - FinCEN - called attention to environmental crimes in a published notice last week. FinCEN administers rules under the Bank Secrecy Act that obligate banks and other financial institutions to submit suspicious activity reports (or "SARs") to flag suspicious activities by their customers. FinCEN drew attention to environmental crimes for

By |2021-11-21T16:48:33+00:00November 21st, 2021|Categories: FinCEN, Money laundering|Tags: , , , |Comments Off on FinCEN Draws Attention to Environmental Crimes

FinCEN Advisory on Ransomware

FinCEN has issued a new Advisory on Ransomware that expands on its previous report on ransomware trends. The Financial Crimes Enforcement Network (FinCEN) is responsible under the Bank Secrecy Act to develop for banks, financial institutions and money transmitting businesses.   It plays the leading role under the Bank Secrecy Act in developing U.S. strategy to

By |2021-11-08T19:25:48+00:00November 8th, 2021|Categories: corporate transparency act, FinCEN, Money laundering|Tags: , , , , |Comments Off on FinCEN Advisory on Ransomware

Congress Members Disappointed with Slow Pace of CTA Implementation

Congress Members are disappointed with the slow pace of implementing the Corporate Transparency Act according to reporting in the Financial Times. The three Democratic committee chairs have written to Janet Yellen, expressing disappointment at the Treasury Department's slow pace.  These committee chairs were instrumental in leading the adoption of the Corporate Transparency Act. According to

By |2021-11-05T10:49:33+00:00November 5th, 2021|Categories: corporate transparency act, FinCEN|Tags: , , , |Comments Off on Congress Members Disappointed with Slow Pace of CTA Implementation
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