by Jyotsna Bucktowar | Apr 25, 2023
The Year in Review is intended to help stakeholders gain insight into both FinCEN’s efforts to support law enforcement and national security agencies, and how financial information, filed pursuant to the Bank Secrecy Act (BSA) is used. The information that FIs provide...
by AdrianaAMLP | Mar 24, 2023
The new regulations require many corporations, limited liability companies, and other entities created in or registered to do business in the United States to report information about their beneficial owners, the persons who ultimately own or control the company to...
by AdrianaAMLP | Jan 25, 2023
FinCEN issued an alert cautioning all FIs regarding potential investments in the U.S. commercial real estate (CRE) sector, by or on behalf of sanctioned Russian elites, oligarchs, their family members, and entities through which they act. This alert complements...
by AdrianaAMLP | Jan 18, 2023
FinCEN determined that Bitzlato is a FI operating outside of the US that is of primary money laundering concern in connection with Russian illicit finance.The order prohibits certain transmittals of funds involving Bitzlato by any covered FI. Bitzlato poses a global...
by AdrianaAMLP | Jan 13, 2023
FinCEN issued an alert to better support FIs in detecting financial activity related to human smuggling along the southwest border of the US. FIs need to know that their vigilance and prompt Bank Secrecy Act reporting matters, it aids investigations tied to human...
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