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FinCEN Insignia
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an advisory on kleptocracy and foreign public corruption, urging financial institutions to focus their efforts on detecting the proceeds of foreign public corruption—a priority for the U.S. Government as it continues to…
FinCEN insignia
| Speech
      Prepared Remarks  Himamauli Das Acting Director Financial Crimes Enforcement Network   FDIC-FinCEN Digital Identity Tech Sprint Demonstration Day April 4, 2022   I am very pleased to be able to speak at the inaugural FDIC-FinCEN Tech Sprint focused on digital identity.  My name is…
Digital Identity Tech Sprint
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WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) today highlighted three teams of experts in a Tech Sprint to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information…
FinCEN insignia
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WASHINGTON—The Financial Crimes Enforcement Network on March 31 assessed a $275,000 civil money penalty on A&S World Trading, Inc., d/b/a Fine Fragrance (A&S) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. This is FinCEN’s first enforcement action for…
FinCEN insignia
| Speech
      Prepared Remarks Himamauli Das Acting Director Financial Crimes Enforcement Network   NYU Law’s Program on Corporate Compliance and Enforcement (PCCE) March 25, 2022   Good morning and thank you for inviting me to be a part of your discussions this year.  I want to start by…
| Enforcement Action
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, USAA FSB admitted…
FinCEN Insignia
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is announcing its efforts to support the multilateral Russian Elites, Proxies, and Oligarchs (REPO) Task Force, announced earlier today by the U.S. Department of the Treasury and the U.S. Department of Justice. The task force aims to deny…