FinCEN
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US regulators recraft AML rules to promote risk-based assessments
FinCEN also seeks to oversee more of the AML/CFT supervision process by requiring US banking regulators to consult with it before undertaking certain supervisory or enforcement actions.
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FinCEN advisory warns of expanding healthcare fraud, empowers whistleblowers
The advisory urged insiders at financial institutions to be vigilant for fraudsters, organized crime groups, and transnational criminal organizations that increasingly target government benefits programs.
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The $4.4 trillion shadow economy
Nasdaq report warns of “industrialized” crime crisis that is significantly outpacing the legitimate global economy.
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FinCEN tells firms to revisit jurisdictional risk, FATF adds countries to monitoring list
While urging vigilance, FinCEN cautioned that firms should avoid “wholesale or indiscriminate de-risking.”
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GRIP Extra: SEC proposes N-PORT scalebacks, OCC proposes appeals board
Our in-brief roundup of notable stories from the last week.
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GRIP Extra: Coinbase posts $667m Q4 loss, FinCEN debuts webpage for whistleblower tips, and more
Our in-brief roundup of notable stories from the last week.
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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.