PYMNTS

FEBRUARY 21, 2020

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier succeeds Jamal El-Hindi, who will serve as the interim chief data officer (CDO) for the Department of the Treasury. He previously served as FinCEN’s chief of strategic advancement.

Fincen 100

Fincen Innovation OFAC Money Laundering 100

PYMNTS

AUGUST 22, 2019

Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. After the Treasury updated its SDN list on Aug. After the Treasury updated its SDN list on Aug.

Treasury 46

Treasury SDN Addressing OFAC 46

PYMNTS

MAY 10, 2018

According to new processes mandated by the Financial Crimes Enforcement Network (FinCEN) and the U.S. Treasury Department, additional efforts must be spent identifying legal entity customers’ beneficial ownership stakes.

Due Diligence 40

Due Diligence Compliance Fincen Legal 40

Stax

DECEMBER 4, 2023

You’ll also need to screen sub-merchants based on crime suspicion, economic sanctions, and the US Treasury’s Office of Foreign Asset Control’s (OFAC’s) or the Financial Action Task Force’s (FATF’s) sanctions lists, etc. To learn more, contact our team today.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

FICO

DECEMBER 23, 2020

This focus on increased regulation will be particularly prevalent in North America, as FICO’s Claudia Huesmann points out, “FinCEN is aiming to close the gaps in AML regulations for banks not regulated by a federal functional regulator. whether a payment constitutes a potential violation of sanctions (OFAC) laws) and self-report.”.

Financial Crimes 52

Financial Crimes Crime Ransomware AI 52

PYMNTS

DECEMBER 12, 2018

Treasury Department’s Financial Crimes Enforcement Network (or FinCEN for short). Separately, Treasury Secretary Steven Mnuchin, said earlier this year in Congressional testimony that “I assure you that we don’t want bags of cash. That’s according to data published at the end of last month, per data from the U.S.

Fincen 68

Fincen Legal Credit Union Financial Crimes 68

FICO

JULY 17, 2017

On June 12, policy leaders and the public received a preview of the type of regulatory reform initiatives that the administration supports when Treasury Secretary Steven Mnuchin released a 150 page report on recommended changes to the financial system in response to a February Executive Order. Where Are the Opportunities for Reform?

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency Financial Crimes 40