More than five years ago, Congress passed a comprehensive anti-money-laundering and countering the financing of terrorism, or AML/CFT, reform law. The future looked bright, heralding the prospect of ...

On April 7, FinCEN announced a proposed rule that it described as a “fundamental reform” of AML/CFT program requirements applicable to banks and other financial institutions. The proposal was ...

On April 7, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) that would significantly revise Bank Secrecy Act (BSA) ...

Laurel Loomis Rimon examines the new rules recently issued by the Financial Crimes Enforcement Network aimed at countering money laundering and the financing of terrorism, which were made public on ...

Fincen just proposed the most significant reform to AML compliance in a generation, but its reporting forms are still broken, writes Jane Bell, of SAS. Of the approximately 167 million currency ...

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In their International Criminal Law and Enforcement column, Nicholas M. De Feis and Philip C. Patterson write that although banks may lament the time and money spent on compliance with anti-money ...

Alanna.ai and Settlor partnered to help title and escrow companies comply with FinCEN’s new AML reporting rule effective March 1. The integration combines Alanna.ai’s compliance, data collection and ...

The Securities and Exchange Commission says that the wealth management firm’s internal monitoring system failed to flag numerous transactions that should have produced suspicious activity reports.

The Financial Crimes Enforcement Network (FinCEN) appealed a Texas federal court ruling that struck down its nationwide anti-money laundering rule for residential real estate transactions. The rule ...