SAR
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FINRA files complaint against firm for AML, ecomms recordkeeping and more
FINRA’s complaint outlines a detailed list of alleged violations, ranging from AML failures to electronic communications archiving shortcomings.
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Canada’s SAR pilot program and a possible rule change from the SEC
Voluntarily adoption of semi-annual financial reporting (SAR) as part of a multi-year pilot is inline with SEC Chair Atkins supporting a shift from quarterly reporting.
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OPINION: Is AI a game-changer in combatting fraud?
“Without real-time collaboration between banks, law enforcement, and tech platforms, preventative tools alone cannot be effective,” says Martin Kenney.
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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.
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FinCEN notice highlights rising crypto kiosk fraud
The notice warns of scammers exploiting cryptocurrency ATMs for fraud and money laundering and urges stricter compliance with the Bank Secrecy Act.
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FinCEN issues FY2024 data points; Faulkender describes BSA modernization
FinCEN’s Year in Review provides transparency into the use of BSA data and explains how FinCEN analyzes this.