PYMNTS

FEBRUARY 21, 2020

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement.

Fincen 100

Fincen Innovation OFAC Money Laundering 100

PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. FinCEN expects that your casino or card club is monitoring your sports betting programs for potentially suspicious activity. The responsibility of casinos managing all of those new transactions.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

Fintech News

DECEMBER 6, 2023

billion to the Financial Crimes Enforcement Network (FinCEN) and US$968 million to the Office of Foreign Assets Control (OFAC). CZ had pleaded guilty to criminal charges for anti-money laundering and violations of U.S. sanctions which led to a historic settlement where Binance agreed to pay US$3.4

Web 3.0 105

Web 3.0 Money Laundering OFAC Fincen 105

PYMNTS

DECEMBER 3, 2019

After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance. The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), FinCEN , the OCC and the Conference of State Bank Supervisors participated in issuing the definitions and guidelines.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

Finovate

MAY 16, 2024

A 2021 report from FINCEN revealed that false records and forgery are responsible for more than $45 billion in fraud activity annually. .” While there is widespread understanding about threats like money laundering that cost businesses $18 billion every year, the challenge from document fraud is significantly greater.

Authorization 59

Authorization Verification OFAC Fincen 59

The Fintech Times

JANUARY 13, 2024

Binance was ordered to pay the fine to resolve investigations by the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC) and the Commodity Futures Trading Commission (CFTC).

Financial Crimes 59

Financial Crimes Due Diligence Compliance AML 59

PYMNTS

MARCH 3, 2020

but did not register with the Financial Crimes Enforcement Network (FinCEN). Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Yinyin, Liadong, and numerous cryptocurrency addresses. The defendants operated in the U.S. Further, the North Korean co-conspirators are allegedly linked to about $48.5

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56