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| News
WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that identifies international Convertible Virtual Currency Mixing (CVC mixing) as a class of transactions of primary money laundering concern. This…
| News
WASHINGTON—Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki hosted a virtual meeting today with Ilit Ostrovitch-Levi, the Director-General of the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), which serves as Israel’s financial intelligence unit (FIU…
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| Speech
      Andrea Gacki, Director FinCEN October 3, 2023 ACAMS: The Assembly Prepared Remarks (delivered virtually) Good morning.  I am honored to join you today.  I would like to thank Kieran Beer for inviting me, and to also thank Justine Walker, who has skillfully guided me in previous…
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) assessed a $15 million civil money penalty against Shinhan Bank America (SHBA) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. “SHBA willfully disregarded its obligations under the BSA to maintain…
| Enforcement Action