Links in “FinCEN”
- Significant SAR Stats
FinCEN has released its first issue of SAR Stats, a 24-page document that details trending suspicious activity from an analysis of over 1.3Â million SARs. [7/21/14]
- FinCEN: the New Captain America?
FinCEN has taken action against FBME Bank Ltd, citing the foreign bank for weak anti-money laundering controls. FinCENâs director states, âthe United States will not stand by while financial institutions help those who intend to harm or threaten Americans.â [7/18/14]
- NCUA to Air Second Part of Webinar Series on Compliance with OFAC and FinCEN
NCUA is hosting the second part of its free webinar series entitled âHow to Be in Compliance with OFAC and FinCENâ on Wednesday, June 25th at 2:00 pm EST. The webinar will feature senior staff members from both OFAC and FinCEN who will discuss real scenarios and case studies. [6/18/14]
- How Much Does FinCEN Share with Spy Agencies?
How much data from the 15 million CTRs and 1.5 million SARs filed annually by U.S. banks reaches the spy agencies? According to FinCEN's director, "we think we've gotten that balance right." [6/10/14]
- NCUA Pumps Up the BSA Volume
NCUA will be hosting a series of free webinars starting May  21, 2014, which will provide an overview of OFAC's and FinCEN's programs, enforcement authority, and relationships with other regulators. Leading experts will include Adam Maddox (OFAC Sanctions Compliance Officer), Andrea Sharrin (Financial Crimes Enforcement Network), and Stephanie Brooker (Financial Crimes Enforcement Network). [5/6]
- Case Study: FinCEN’s New Push on BSA Enforcement
Florida money services business gets hit with civil money penalties for flaws in its anti-money laundering program. Here's a look at what caught FinCEN's attention. [5/2]
- Marijuana Limited, Priority and Express
In FinCEN's eyes, there are bad guys, and then there are BAD guys. [2/27]
- FinCEN Goes Official on GSEs
Federal Register provides details on FinCEN new requirements for GSEs (Fannie Mae, Freddie Mac, etc.) to require AML-program-like requirements and monitoring. Impact on mortgage lending to be seen. [2/25]
- Why FinCEN’s Marijuana Business Guidance was DOA
FinCEN was in a tight spot, but what it issued in terms of guidance in dealing with marijuana-related businesses was little help. [2/24]
- FinCEN Focuses on Mortgage Fraud
FinCEN finalizes anti-money laundering (AML) regulations regarding SAR filing issues as they relate to mortgage fraud and money laundering. [2/21]
