by AdrianaAMLP | Apr 4, 2024
Relates to existing requirements for banks under the Customer Identification Program (CIP) Rule to collect a taxpayer identification number (TIN) from a customer prior to opening an account.
by Jyotsna Bucktowar | Feb 15, 2024
The proposed regulations will apply to investment advisers that may be at risk for misuse by money launderers, terrorist financers, or other actors who seek access to the U.S. financial system for illicit purposes via investment advisers and threaten U.S. national...
by AdrianaAMLP | Feb 13, 2024
Latest Financial Trend Analysis (FTA) aims to combat human trafficking as well as the illicit uses of CVC, given the total number of OCSE- and human trafficking-related BSA reports involving CVC increased from 336 in 2020 to 1,975 in 2021
by Jyotsna Bucktowar | Feb 12, 2024
A credit union official in the US has been fined $100,000 for not reporting millions of high-risk transactions, violating AML regulations. The FinCEN found that the official failed to file suspicious activity reports for nearly 2,000 transactions worth over...
by AdrianaAMLP | Feb 7, 2024
The proposed rule would require certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real estate to legal entities or trusts.
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