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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior 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 (51)

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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Monday
Oct092017

John Arvanitis: A compliance plan for FinCEN’s new customer due diligence rule

The Financial Crimes Enforcement Network's Final Rule regarding customer due diligence will soon be in force. With implementation required by May 11, 2018, covered financial institutions must ensure their due diligence programs are in line with FinCEN’s guidance on core elements of a customer due diligence program.

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Thursday
Sep212017

FinCEN warns banks about laundering Venezuela bribe money

The Treasury Department's Financial Crimes Enforcement Network issued an advisory Wednesday to alert banks about graft money flowing out of Venezuela.

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Wednesday
Aug232017

FinCEN expands beneficial owner reporting rules for real estate

The Treasury Department's Financial Crimes Enforcement Network added Honolulu Tuesday to a reporting program for real estate deals involving cash transactions.

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Thursday
Jul272017

FinCEN fines foreign cryptocurrency exchange $110 million for money laundering

The Treasury Department's Financial Crimes Enforcement Network assessed a $110 million civil penalty Wednesday against BTC-e for willfully violating U.S. anti-money laundering laws.

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Monday
Jul242017

Samantha Ezgar: Public officials should be required to disclose their cryptocurrency 

Disclosure rules for cryptocurrencies like Bitcoin are seriously lagging at the state and federal level. Without a standardized ethics framework to monitor public officials’ cryptocurrency transactions, potential conflicts of interest and even bribery can arise and remain undetected.

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Friday
May052017

Former Moneygram compliance chief pays $250,000 penalty for AML failures

The former Chief Compliance Officer of MoneyGram International, Inc. reached a settlement Thursday with FinCEN and the DOJ after he was held personally responsible for his company's anti-money laundering failures.

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Tuesday
Feb282017

FinCEN fines California bank $7 million for impeding compliance staff

The Financial Crimes Enforcement Network (FinCEN) Monday fined Merchants Bank of California $7 million for impeding compliance staff and threatening to fire staffers who wouldn't process suspicious transactions.

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Friday
Feb242017

FinCEN extends ‘beneficial owner’ rules for big real estate deals

The Treasury Department's Financial Crimes Enforcement Network renewed rules Thursday that force U.S. title insurance companies to identify the natural persons behind companies used to pay all cash for high-end residential real estate in some parts of the country.

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Monday
Oct312016

Brackett and Neale: Enforcement Innovations for the Post-Yates Environment

During a recent webinar sponsored by the Washington Legal Foundation, we explored the impacts intensive individual-focused criminal enforcement can have on an industry, using the recent history of criminal enforcement of food safety laws as a case study. 

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