FinCEN | AMLP Forum

FinCEN warns Mexican cartels are increasingly using fuel smuggling as a TBML scheme, exploiting shell companies and fake invoices to evade taxes and launder illicit profits

by Jyotsna Bucktowar | Jun 30, 2026

Mexican cartels are increasingly smuggling fuel (gasoline, diesel, etc.) from the U.S. into Mexico. They evade Mexican fuel taxes and sell the fuel illegally in Mexico at large profit margins. The schemes are linked to major groups like the Jalisco New Generation...

FinCEN proposes to sever H-Pay Service PLC and Huione successors from the U.S. financial system to stop evasion and disrupt a major cyber fraud money-laundering network

by AdrianaAMLP | Jun 23, 2026

The proposed rule would amend FinCEN’s October 2025 Huione Group final rule to include Cambodia-based H-Pay Service PLC and any successor entity, after FinCEN assessed H-Pay as a Huione component and a primary money laundering concern. FinCEN says the change is...

FinCEN and U.S. regulators propose a rule under the GENIUS Act establishing a Customer Identification Program (CIP) for permitted payment stablecoin issuers, requiring bank-like KYC standards under the BSA

by AdrianaAMLP | Jun 18, 2026

The proposed rule would require permitted payment stablecoin issuers to establish written Customer Identification Programs that collect and verify identifying information, maintain records, and check customers against government lists. It forms part of wider GENIUS...

FinCEN issues updated Guidance to clarify how FIs can more broadly share information on suspected fraud and other illicit activity, under section 314(b) of the USA PATRIOT Act

by AdrianaAMLP | Jun 12, 2026

The updated guidance confirms that eligible financial institutions may share information with each other about suspected fraud, money laundering, terrorist financing and other specified unlawful activities under section 314(b) of the USA PATRIOT Act. It gives...

FinCEN flags illicit employment schemes involving unauthorised workers as drivers of identity fraud, tax evasion and wider transnational crime, urging stronger AML controls by banks

by Jyotsna Bucktowar | Jun 5, 2026

It explains that illicit employment schemes can generate a wide range of financial crime risks, including identity theft, use of fraudulent or stolen documentation, payroll fraud, tax evasion, and the creation of shell or intermediary structures used to process wages...

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FinCEN warns Mexican cartels are increasingly using fuel smuggling as a TBML scheme, exploiting shell companies and fake invoices to evade taxes and launder illicit profits

FinCEN proposes to sever H-Pay Service PLC and Huione successors from the U.S. financial system to stop evasion and disrupt a major cyber fraud money-laundering network

FinCEN and U.S. regulators propose a rule under the GENIUS Act establishing a Customer Identification Program (CIP) for permitted payment stablecoin issuers, requiring bank-like KYC standards under the BSA

FinCEN issues updated Guidance to clarify how FIs can more broadly share information on suspected fraud and other illicit activity, under section 314(b) of the USA PATRIOT Act

FinCEN flags illicit employment schemes involving unauthorised workers as drivers of identity fraud, tax evasion and wider transnational crime, urging stronger AML controls by banks

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