AML Act of 2020
-
FinCEN highlights need to modernize AML to reflect new threats
New rulemaking is being developed to apply Bank Secrecy Act standards to stablecoin issuers and digital asset platforms.
-
US agencies’ notice about Mexico timeshare fraud doubles as handy surveillance checklist
FinCEN’s joint notice with OFAC and the FBI directs financial firms to identify and report timeshare fraud conducted by Mexico-based criminal entities.
-
FinCEN issues proposed rule to modernize AML/CFT programs
The proposed amendments are based on changes to the Bank Secrecy Act contained in the AML Act of 2020.
-
TD Bank’s long-running AML case – fentanyl sales link now alleged
The latest probe focuses on how Chinese crime groups used the lender to hide money derived from US fentanyl sales.
-
FinCEN’s Andrea Gacki testifies in Congress, offers insight into agency’s 2024 agenda
The FinCEN director highlighted her agency’s work on beneficial ownership reporting requirements, customer due diligence, and countering terrorism.
-
FinCEN seeks to extend deadline for some beneficial ownership reports
FinCEN issues a proposal to extend the deadline for filing initial Beneficial Ownership Information Reports for certain entities.