The role of AML audits in enhancing regulatory compliance
In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies.
What financial institutions need to know about GTOs
Geographic Targeting Orders (GTOs) were recently reissued by FinCEN and could pose regulatory requirements to banks. But what do they need to know?
FinCEN eyes modernised regulatory regime for AML/CFT in the US
The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.
Industry responses to the US’ new Anti-Money Laundering Act 2020
The US Congress passed the Anti-Money Laundering Act 2020 and could be one of the most impactful changes to AML for two decades.
FinCEN slams Capital One with $390m fine for “egregious” AML breaches
FinCEN has fined Capital One with a $390m civil money penalty for engaging in both wilful and negligent violations of the Bank Secrecy Act.
US regulators attempt to make it easier for banks to tackle...
Major US financial markets watchdogs have issued a joint fact sheet to make it easier for banks to tackle risks when it comes to charities and non-profit organisations.
Bitget makes big step in its goal of launching in the...
Cryptocurrency exchange Bitget reaches next milestone in its expansion to the US market after completing the registration with the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
US regulatory bodies issue statement on digital assets
US regulators have come together to issue a joint statement reminding those engaged with digital asset to meet anti-money laundering (AML) and counter financing terrorism (CFT).
FinCEN releases guidance around virtual currency businesses
The US’ Financial Crimes Enforcement Network (FinCEN) has issued guidance around regulatory requirements of virtual currencies.
FinCEN fines Bitcoin trader $35,000 for AML and BSA breaches
The US’ Financial Crimes Enforcement Network (FinCEN) has fined a Bitcoin trader $30,000 for breaching the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.