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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Harry Cassin Managing Editor


Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in FinCEN (60)

Thursday
Jul192018

Lindsay Columbo: How did due diligence become so complicated?

Over the past several years, concepts that once served as basic elements to an appropriate customer due diligence program and that had simple definitions have morphed into requirements that are completely decentralized and that vary, based on factors such as geographical location, risk level, industry and business activity.

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Tuesday
Jun122018

Selva Ozelli: How should cyptocurrency bribes be valued?

At the federal level in the United States, cryptocurrencies have a lot of regulators -- FinCEN, OFAC,  the IRS, the Commodity Futures Trading Commission (CFTC), and the SEC among them. 

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Wednesday
May162018

Lindsay Columbo: How do we reconcile UBO due diligence and GDPR obligations?

In less than two weeks the new General Data Protection Regulations (GDPR) will be in full force. Most companies subject to the GDPR have prioritized efforts to implement necessary internal safeguard measures, procedures and required contractual provisions.

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Tuesday
May152018

FinCEN’s CDD Rule is on: Are you complying?

With implementation of FinCEN's Customer Due Diligence Rule on May 11, beneficial ownership and customer due diligence are top of mind for many covered financial institutions. What is your organization doing to comply?

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Wednesday
May092018

Lindsay Columbo: How do we comply with the new UBO rules?

The pressure on companies to identify and verify ultimate beneficial ownership or UBO information is growing, with more legal requirements being imposed, first by FinCEN, and most recently by the UK, which particularly targeted the British Overseas Territories.

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Friday
Apr132018

John Arvanitis: Complying with FinCEN's new customer due diligence rules

Kroll's John ArvanitisOn May 11, FinCEN's Final Rule regarding customer due diligence will be in force. That means covered financial institutions will have to make sure their due diligence programs are in line with FinCEN’s guidance on core elements of a customer due diligence program.

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Monday
Feb192018

Top ECB banker detained in corruption investigation

Latvia’s independent anti-corruption agency detained the governor of the central bank Saturday after a raid on his home and office.

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Wednesday
Feb142018

FinCEN proposes ban on Latvia bank for money laundering risks

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) on Tuesday proposed designating a leading Latvian bank as a primary money laundering concern because of alleged connections with North Korea and with criminals in Russia and other countries.

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Friday
Dec292017

FinCEN launches voluntary information exchange

The Treasury Department's Financial Crimes Enforcement Network launched an information exchange program to help banks deal with financial threats.

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Monday
Nov202017

FinCEN fines California card club $8 million for AML offenses

The Treasury Department's Financial Crimes Enforcement Network fined one of California's biggest and oldest card clubs $8 million for willfully violating U.S. anti-money laundering laws.

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Tuesday
Nov142017

Top DOJ prosecutor named new FinCEN chief

The former head of the DOJ's Criminal Division has been named director of the federal government's main anti-money laundering agency.

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Thursday
Nov022017

FinCEN: Texas bank failed to ask ‘obvious due diligence questions’

The Treasury Department's Financial Crimes Enforcement Network fined an independent community bank in Texas $2 million for "willfully violating" anti-money laundering requirements of the Bank Secrecy Act.

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