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US agencies launch further investigations into Minnesota fraud
FinCEN has issued four notices of investigation to money-services businesses located in the state, among other things.
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US Treasury starts new year with flurry of activity
A brief roundup of US Treasury activity so far this year.
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GOP House committee members seek rescission of four bank agency guidance docs
Republican lawmakers say these documents have become key examination items by regulators instead of pure principles-based guidelines.
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TD Bank faces class action lawsuit by former Chinese-American employees
Suit says TD tried to give the impression it was conducting serious investigations during the AML scandal, but was targeting Chinese and Chinese-American employees.
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US Treasury designates Cambodia’s Prince Group a transnational criminal organization
The DOJ’s parallel forfeiture action is the largest ever involving crypto fraud, while FinCEN targeted a sophisticated scam support network.
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FinCEN refines SAR rules to sharpen financial intelligence
The agency’s clarification on suspicious activity reporting reflects movement toward a strategic, risk-based approach.
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FinCEN proposes two-year delay for investment adviser AML rule
The Department of the Treasury regulator cites potential cost savings and lack of industry readiness as it looks to rework the rule.
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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.