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FinCEN wants your input again

FinCEN Requests Comments on Renewal of the OMB Control Number for Reports of Transactions with Foreign Financial Agencies On January 11, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register a 60-day notice to renew the Office of Management and Budget (OMB) control number assigned to the […]

MAS wants your views on AML requirements for corporate finance advisors

ConsultationsPublished Date: 15 December 2021 Consultation Paper on Introduction of Due Diligence Requirements for Corporate Finance Advisers This consultation seeks views on MAS’ proposal to introduce due diligence requirements for corporate finance advisers when they advise on corporate finance transactions, with additional requirements when advising on initial public offerings. Consultation […]

And so it starts…. FinCEN seeks comments on US AML/CFT regulation

FinCEN Seeks Comments on Modernization of U.S. AML/CFT Regulatory Regime  ContactOffice of Strategic Communications, press@fincen.govImmediate ReleaseDecember 14, 2021 WASHINGTON— Today, FinCEN is issuing a request for information (RFI) Federal Register :: Public Inspection: Review of Bank Secrecy Act Regulations and Guidance seeking comments on ways to streamline, modernize, and update the anti-money […]

July 15, 2021: FinCEN invites you to talk ransomware in August

Second FinCEN Exchange on Ransomware to Take Place in August ContactOffice of Strategic Communications, 703-905-3770Immediate ReleaseJuly 15, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced it will convene a FinCEN Exchange in August 2021 with representatives from financial institutions, other key industry stakeholders, and federal government agencies to discuss ongoing […]

Finanstilsynet issues new AML report

Seven bids for strengthened fight against money laundering Better tools for customer awareness, increased access to government data and sharing of risk flags between financial institutions. These are some of the proposals in the Danish Financial Supervisory Authority’s new report, where the Authority provides a number of examples of how […]

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 […]