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Proposal of Special Measure Regarding MBaer Merchant Bank AG as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern
Treasury Proposes Rule to Sever Swiss Bank MBaer’s Access to U.S. Financial System

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that, if finalized, would sever MBaer Merchant Bank AG (MBaer’s) access to the U.S. financial system as a result of its financial support to illicit actors linked to Russia and Iran. If…

Solicitation of Application for Membership on the Bank Secrecy Act Advisory Group (BSAAG)
FinCEN Launches Webpage for Whistleblower Tips on Fraud, Money Laundering, Sanctions Violations

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering, and sanctions violations.

FinCEN’s Office of the…

FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements

Relief Reduces Burdensome and Duplicative Regulatory Requirement

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an

FinCEN Reminds Financial Institutions of Its Resources on Identifying Potential Relationship Investment Scams

In support of the annual, multiagency #DatingorDefrauding campaign, led by the Commodity Futures Trading Commission’s Office of Customer Education and Outreach, the U.S. Department of the Treasury’s…

READOUT: Financial Intelligence Units Commit to Counter Transnational Organized Crime During First Working Group Meeting

WASHINGTON—On January 12 and 13, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) hosted the first meeting of the Transnational Organized Crime Working Group (TOC-WG). The TOC-WG includes representatives from 16 financial intelligence units…

Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota
Secretary Bessent Announces Initiatives to Combat Rampant Fraud in Minnesota

In Minnesota, Secretary of the Treasury Scott Bessent announced several initiatives to combat rampant government benefits fraud in Minnesota, which has wasted billions of taxpayer dollars. These initiatives are designed to strengthen and safeguard the financial system and protect Minnesota…

Delaying the Effective Date of the Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers