FinCEN

Banking hemp no longer requires filing SARs: Regulators

12/03/19

The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements.

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Is it now or never for AML reform?

11/28/19

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

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Dems' new tack on gun control: Make banks police sales

11/21/19

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money laundering efforts.

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Shell-company bill drives wedge between banking, small business

10/28/19

Beneficial-ownership legislation is within the banking industry’s reach, but the prospect of new regulatory burdens for small businesses is forcing lawmakers to choose sides.

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The fight against financial crime has just begun

10/28/19

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start.

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Crypto firms can't skirt AML compliance: Fincen chief

10/21/19

Kenneth Blanco's tough comments appeared to target payments providers that offer their users anonymity.

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Small banks can use tech to make their size an advantage in AML compliance

10/16/19

New tech can help banks with less cumbersome systems track suspicious activity more effectively.

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Data aggregators push back against notion they have a fraud problem

09/30/19

Fincen and others say third parties are proving to be treasure chests for crooks who create synthetic identities, but aggregators argue they help detect risk banks can’t see.

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Senators formally introduce bipartisan AML reform bill

09/26/19

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

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Bad actors targeting fintech aggregators: Fincen chief

09/24/19

Kenneth Blanco expressed concern in a speech about cyber criminals using "synthetic identities" to commit fraud with data stolen from fintech platforms.

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