US agencies have issued a joint statement reminding banks that no customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing, or other illicit financial activity. Consequently, they say banks… Read More ›
The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has published an Advance Notice of Proposed Rulemaking (ANPR) seeking comments on the new Anti-Money Laundering Act of 2020 (AML Act) which includes the Corporate Transparency Act (CTA). Reforms in the… Read More ›
The director of the US treasury department’s Financial Crimes Enforcement Network (FinCEN) has addressed bankers to share some of his perspectives on the US’ new Anti-Money Laundering Act of 2020 (AML Act). Kenneth Blanco said the act, which includes the Corporate Transparency… Read More ›
The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has issued a notice to inform financial institutions of the latest developments to prevent money laundering and report suspicious activity related to trade in art and antiquities. The notice covers new… Read More ›