Bank Secrecy Act (BSA)

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced today that it has launched a new Global Investigations Division (GID), which will be responsible for implementing targeted investigation strategies to
Continue Reading FinCEN Unveils New Global Investigations Division to Target Foreign Money Laundering Threats

Last week, the Financial Crimes Enforcement Network (FinCEN) announced its first-ever civil penalty against a cryptocurrency exchanger for willful violations of the Bank Secrecy Act (BSA). According to the FinCEN
Continue Reading FinCEN Announces First-Ever Enforcement Action Against Bitcoin Trader for Violations of BSA

Today the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced that it had fined a California card club, Artichoke Joe’s Casino, $8 million for numerous willful violations of the Bank
Continue Reading California Card Club Plagued by Allegations of Criminal Activity Fined $8 Million for AML Violations

This article is Part II of a series in which we address the U.S. government’s attempts to combat money laundering in real estate transactions. Part I is available here.
Continue Reading Complying with FinCEN’s Revised GTOs: What Real Estate Professionals Need to Know About Anti-Money Laundering

T2000px-US-FinancialCrimesEnforcementNetwork-Seal_svghe Financial Crimes Enforcement Network (FinCEN) and Office of the Comptroller of the Currency (OCC) yesterday announced the assessment of a $7 million civil money penalty against Merchants Bank
Continue Reading FinCEN and OCC Impose $7 Million Penalty on California Bank for “Egregious” Anti-Money Laundering Violations