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 has proposed reforming AML/CFT programs to reduce compliance burdens and focus on effectiveness rather than paperwork. The rule would give institutions more flexibility in risk-based design and ...

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 ...

A rule overhaul proposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is designed to reduce compliance burden and would free up banks from tracking all but the most ...

The Treasury Department's Financial Crimes Enforcement Network on Monday assessed a $125 million civil money penalty against UBS Financial Services — the largest Bank Secrecy Act fine ever imposed on ...

Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement efforts ...