FinCEN and banking regulators seek to establish the minimum standards for a payment stablecoin issuer's customer identification programs.
BSA/AML
NYDFS guidance directs banks to use blockchain analytics tools to mitigate money laundering and sanctions evasion risk if they’re conducting cryptocurrency-related transactions.
New rulemaking is being developed to apply Bank Secrecy Act standards to stablecoin issuers and digital asset platforms.
The rule places RIAs and ERAs under Bank Secrecy Act-style compliance obligations.
FinCEN's Year in Review provides transparency into the use of BSA data and explains how FinCEN analyzes this.
SEC exams are likely to stay just as rigorous, if not become even more detail-oriented.
To combat the illegal production and trafficking of fentanyl, the FinCEN analysis said it relied on the "public-private partnership."
FinCEN and DOJ announce penalties after hundreds of millions of dollars in bulk currency shipments transmitted across southwest border on behalf of high-risk entities.