We previously reported that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) had quietly extended its Geographic Targeting Orders directed at the luxury residential real estate market for another six
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U.S. Department of the Treasury
FinCEN Quietly Extends Real Estate Geographic Targeting Orders for Another Six Months
Breaking from its recent practice of making public announcements about Geographic Targeting Orders, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) last month quietly extended its real estate GTOs for…
Continue Reading FinCEN Quietly Extends Real Estate Geographic Targeting Orders for Another Six Months
Treasury Official Warns of Risks to Financial System Posed by Illicit Use of Virtual Currencies
In a recent speech, the Under Secretary of Treasury’s Office of Terrorism and Financial Intelligence (TFI) warned of the growing threats to the U.S. financial system posed by virtual…
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FinCEN Clarifies Upcoming FBAR Due Date for Calendar Year 2017
Today the Treasury Department’s Financial Crimes Enforcement Network posted a “FBAR Due Date Clarification” on its website, which confirms that the annual filing deadline for FinCEN Form 114…
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Treasury Inspector General Warns Taxpayers of IRS Impersonators As Tax Filing Season Approaches
The Treasury Inspector General for Tax Administration (TIGTA) has reminded taxpayers to remain on “High Alert” during the coming tax filing season to avoid being scammed by criminals who impersonate…
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FinCEN Announces Yet Another FBAR Filing Extension for Certain Financial Professionals
Last week the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) again extended the deadline for certain financial professionals to file foreign bank accounting reporting forms known as FBARs. In FinCEN …
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FinCEN Launches “FinCEN Exchange” to Enhance Information Sharing With Financial Institutions
The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) launched the “FinCEN Exchange” program today in order to enhance information sharing with financial institutions and…
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California Card Club Plagued by Allegations of Criminal Activity Fined $8 Million for AML Violations
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…
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With Another Veteran Criminal Prosecutor at FinCEN’s Helm, Aggressive AML Enforcement Expected To Continue
Today the U.S. Department of the Treasury announced Kenneth A. Blanco as Director of the Financial Crimes Enforcement Network (FinCEN), a bureau in Treasury’s Office of Terrorism and Financial…
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FinCEN Provides FBAR Relief to Victims of the California Wildfires
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced today that California wildfire victims in affected areas of California have until January 31, 2018, to file their Report of Foreign…
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