Links in “FinCEN”

Fascinating table shows delay in detection and reporting of mortgage fraud with event of fraud often not reported for years in mortgage lending. Analysis shows 2006 and 2007 event of fraud years combined exceed all other years 2001 through 2012 combined. [8/22]

After peaking in 2006–2007, reports of suspected fraud received by the regulator fell by 25% last year. [8/21]

FinCEN employees now organized by into four divisions: Intelligence Division, Policy Division; Liaison Division; and Enforcement Division. [7/16]

The ever challenging arena of what role an armored car plays in the conductor & beneficiary issues of CTR is addressed. [7/12]

In keeping with technology, FinCEN announces that the "Forms" Page is now "Filing Information." We think there might be a few more Anachronies in the Banking World out there. Still periodic FinCEN site visiting is wise. [7/1]

Reading between the lines: With Financial Crimes Enforcement Network announcing shift in organizational structure that moves enforcement from a function within each division to its own division, greater attention to enforcement seems likely. [6/25]

FinCEN Director delivers insightful speech on virtual currency and impact on BSA and other areas. [6/14]

The must know for all CTR Preparers. [5/24]

Nothing short of a must-read for BSA/AML Departments. [5/24]

FinCEN has published two sets of FAQs that provide guidance and information about completing and submitting the new online CTR and SAR forms, including how to aggregate multiple transactions when they occur at different locations. [5/29]