US Treasury
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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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Treasury issues national risk assessments, adds digital asset one
The reports trace threats to the US financial system, including ones involving drug cartels, transnational criminal organizations and money-laundering networks.
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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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Crypto wrap: Iran-linked exchanges sanctioned, 12 EU states miss critical deadline, Lords stablecoin inquiry
Our pick of the week’s crypto stories.
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The stablecoin war: Wall Street vs crypto over the future of money
Banks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?
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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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GRIP Extra: Treasury mulls stronger role for FinCEN, ESMA publishes supervisory expectations
Our in-brief roundup of notable stories from the last week.