FinCEN Reminds Financial Institutions to Remain Vigilant to Environmental Crimes WASHINGTON—As the nation reflects on the many ways to protect our environment this Earth Day, the Financial Crimes Enforcement Network (FinCEN) reminds financial institutions to remain vigilant in identifying and reporting suspicious activity related to environmental crimes. Environmental crimes ..read more

FinCEN to Host Webinar on Beneficial Ownership Information Reporting Requirements The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual ..read more

FinCEN Issues Notice on the Use of Counterfeit U.S. Passport Cards to Perpetrate Identity Theft and Fraud Schemes at Financial Institutions WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), in close coordination with the Department of State’s Diplomatic Security Service (DSS), issued a ..read more

FinCEN Renews Real Estate Geographic Targeting Orders WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate ..read more

FinCEN Issues Analysis on Elder Financial Exploitation WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a today focusing on patterns and trends identified in Bank Secrecy Act (BSA) data ..read more

READOUT: FinCEN Director Gacki Encourages Transparency in the U.S. Financial System During International Anti-Money Laundering Conference MIAMI—Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki joined public and private sector financial industry leaders this week at the Financial and International Business Association’s (FIBA) annual anti-money laundering conference to discuss regulatory expectations and best ..read more

FinCEN Seeks Comments on Customer Identification Program Requirement WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a ..read more

UPDATED: Notice Regarding National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.) On March 1, 2024, in the case of National Small Business United v. Yellen , No. 5:22-cv-01448 (N.D. Ala.), a federal district court in the Northern District of Alabama, Northeastern Division, entered a final declaratory judgment, concluding that the ..read more

Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering, Combating the Financing of Terrorism, and Counter-Proliferation Deficiencies WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is informing U.S. financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering ..read more

Notice Regarding National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.) On March 1, 2024, in the case of National Small Business United v. Yellen , No. 5:22-cv-01448 (N.D. Ala.), a federal district court in the Northern District of Alabama, Northeastern Division, entered a final declaratory judgment, concluding that the Corporate Transparency Act exceeds the ..read more