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WASHINGTON—Jamal El-Hindi, Acting Director of the Financial Crimes Enforcement Network (FinCEN), announced today the selection of Thomas P. Ott as Associate Director for its Enforcement Division. Mr. Ott will oversee FinCEN’s Bank Secrecy Act compliance and enforcement program. This includes…

On March 31, 2016, following a voluntary remand ordered by the United States District Court for the District of Columbia, FinCEN published in the Federal Register a Final Rule imposing the fifth special measure against FBME Bank Ltd. (FBME), which was scheduled to take effect on July 29, 2016. On…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced Geographic Targeting Orders (GTO) that will temporarily require U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major…

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced a settlement with and a $2.8 million assessment against Hawaiian Gardens Casino, Inc. d/b/a The Gardens Casino, of Hawaiian Gardens, California. The Gardens, a card club, admitted that it violated the Bank…

Good morning. I would like to thank Congressman Pittenger for his invitation to be a part of today’s gathering of Parliamentarians for Intelligence Security and for the leadership of this group with respect to this critical issue. It is an honor for FinCEN to be here at the Austrian Ministry of…