PYMNTS

SEPTEMBER 21, 2020

The Financial Crimes Enforcement Network ( FinCEN ) uncovered government documents on how giant financial institutions move trillions of dollars in suspicious transactions, padding their bottom line, while terrorists, drug dealers and corrupt politicians are allowed to run free. FinCEN, a division of the U.S.

Fincen 111

Fincen Suspicious Activity Report (SAR) Money Laundering SARS 111

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. As Standard Chartered noted to BuzzFeed in the wake of the FinCEN files report: "In 2019 we monitored more than 1.2

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

Global Fintech & Digital Assets

NOVEMBER 2, 2023

Yatter , and Deric Behar On October 19, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that would designate as a “primary money laundering concern” all non-US convertible virtual currency [1] mixing (CVC mixing). By Parag Patel , Eric S.

Fincen 52

Fincen Money Laundering Law Enforcement Non-Bank 52

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 88

Money Laundering Law Enforcement AML Non-Bank 88

PYMNTS

FEBRUARY 19, 2020

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. . FinCEN Director Kenneth A. Virtual asset authorities from the FIUs of France, the U.S. Global standard setters, law enforcement, intelligence services, supervisors but also the private sector are our natural partners.

Fincen 60

Fincen Money Laundering Law Enforcement Financial Crimes 60

PYMNTS

JUNE 16, 2020

In addition, National Security Institute Founder and Executive Director Jamil Jaffer suggested that the Secret Service be moved to the Treasury Department from the Department of Homeland Security (DHS) and to give it further investigative authorities and resources, among other recommendations.

Cybersecurity 90

Cybersecurity Money Laundering Treasury FBI 90

PYMNTS

AUGUST 22, 2019

The drug traffickers face sanctions after coordinated actions from OFAC, FinCen and U.S. law enforcement agencies. OFAC and FinCEN’s coordinated action with U.S. law enforcement leverages Treasury’s authorities to confront the deadly synthetic opioid crisis plaguing America,” Mandelker said.

Treasury 46

Treasury SDN Addressing OFAC 46