Menu Home

That time of year: FinCEN indexes its civil monetary penalties

FinCEN Announces Inflation Adjustments to BSA Civil Monetary Penalties

The Financial Crimes Enforcement Network (FinCEN) is issuing a final rule to reflect annual inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. This rule adjusts certain maximum civil monetary penalties within the jurisdiction of FinCEN to the amounts required by that Act.

Link:

Federal Register Notice

Categories: Anti-Money Laundering Civil Monetary Penalties Enforcement Actions Federal Civil Penalties Inflation Adjustment Act FinCEN Updates

eric9to5

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: