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FinCEN renews the Real Estate GTOs again

FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas Contact: Office of Strategic Communications, 703-905-3770Immediate Release April 29, 2021 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 […]

FinCEN and federal regulators want your input on risk management models, AML & sanctions

Agencies Issue Statement and Request for Information on Bank Secrecy Act/Anti-Money Laundering Compliance Immediate Release April 09, 2021 The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the “Supervisory […]

New FinCEN process for UBO reporting requirement

FinCEN Launches Regulatory Process for New Beneficial Ownership Reporting Requirement Contact Office of Strategic Communications, 703-905-3770 Immediate Release April 01, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a wide range of questions related to the implementation of the beneficial […]

FinCEN publishes report on its Innovation Hours program

Innovation Hours Report Highlights Program’s Impact and Outlines Its Role in Supporting FinCEN’s Future Innovation Efforts The Financial Crimes Enforcement Network (FinCEN) today issued a report on its Innovation Hours Program, a key element of FinCEN’s broader Innovation Initiative. The FinCEN Innovation Initiative is a multilayered approach to ensure our […]