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AML Act of 2020
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US agencies’ notice about Mexico timeshare fraud doubles as handy surveillance checklist
FinCEN’s joint notice with OFAC and the FBI directs financial firms to identify and report timeshare fraud conducted by Mexico-based criminal entities.
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FinCEN issues proposed rule to modernize AML/CFT programs
The proposed amendments are based on changes to the Bank Secrecy Act contained in the AML Act of 2020.
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TD Bank’s long-running AML case – fentanyl sales link now alleged
The latest probe focuses on how Chinese crime groups used the lender to hide money derived from US fentanyl sales.