Several agencies, including the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) published a statement to address instances in which banks may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and effectively.
The Federal Financial Institutions Examination Council (FFIEC) launched a redesigned Bank Secrecy Act/Anti-Money Laundering (BSA/AML) website.
The rule was updated to reflect the Treasury Department’s Financial Crimes Enforcement Network’s adoption of a final rule on customer due diligence requirements for financial institutions.
According to the Financial Crimes Enforcement Network (FinCEN), a U.S. Treasury employee has been arrested on charges that she leaked to multiple reports about suspicious financial transactions involving ex-Trump campaign chief Paul Manafort.
Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive.
The U.S. Treasury is more aggressively mining the wealth of data buried in financial crime compliance filings to better crush a range of crimes, including large scale fraud cases, cyber hackers monetizing their hauls through virtual currency exchanges and cross-referencing these trends against crypto’s foundational blockchain.
Connie Fenchel will co-host a one-day intensive and highly practical Money Transmitter Compliance Certification Course.
Save the date- ACAMS moneylaundering.com 24th Annual International AML & Financial Crime Conference
Join ACFCS and experts from financial services and the public sector to dive into timely issues regarding customer due diligence.