-
FinCEN issues analysis of fentanyl-related trends in BSA reports
To combat the illegal production and trafficking of fentanyl, the FinCEN analysis said it relied on the “public-private partnership.”
-
FinCEN ends beneficial ownership reporting mandates for US firms
FinCEN removes beneficial ownership reporting requirements for US companies and US persons, but introduces new deadlines for foreign ones.
-
FinCEN targets southwest border MSBs to combat drug cartel money laundering
Designation of these cartels is designed to help cut off access by entities associated with the groups to the US financial system.
-
FinCEN presses pause on beneficial ownership reporting, penalties
FinCEN to issue interim final rule extending reporting deadlines, and solicit comment on potential revisions to reporting requirements.
-
Brink’s settles AML charges and commits to executive-level focus on compliance
FinCEN and DOJ announce penalties after hundreds of millions of dollars in bulk currency shipments transmitted across southwest border on behalf of high-risk entities.
-
Implications of appeals ruling blocking beneficial ownership registry assessed
Companies won’t be subject to liability if they fail to file beneficial ownership details right now, but they can (and should consider) doing so.
-
SEC dings three broker-dealers for deficient SAR narratives
The SEC’s orders allege that the broker-dealers omitted key details in their SAR narratives.
-
FinCEN alert on fraud schemes involving deepfake media
Alert is part of Treasury’s broader effort to provide information on opportunities and challenges of AI.