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The Financial Crimes Enforcement Network (FinCEN) issued an alert today to assist financial institutions in identifying funding streams for the terrorist organization Hamas in response to Hamas’s horrific terrorist attack on the people of Israel, which left more than 1,000 innocent civilians,…

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…

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…

      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…

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…