Today, the Financial Crimes Enforcement Network (FinCEN) issued a notice to customers of financial institutions about reporting beneficial ownership information.

Today, FinCEN joined the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (together, the “Agencies”) in issuing a joint statement on the notices of proposed rulemakings that would strengthen and modernize financial institutions’ anti-money laundering and countering the financing of terrorism programs (AML/CFT Program NPRMs).

WASHINGTON—Earlier this week, Financial Crimes Enforcement Network (FinCEN) officials traveled to Miami, Florida for two events that brought together the public and private sectors for discussions on ways to deepen collaboration against the financial crime threats that devastate communities and undermine the integrity of the global financial system.