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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate…

FinCEN Acting Director Himamauli Das provided the following statement today before the U.S. House Committee on Financial Services: https://docs.house.gov/meetings/BA/BA00/20220428/114689/HHRG-117-BA00-Wstate-DasH-20220428.pdf

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…

      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…

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…

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…

      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…