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The Financial Crimes Enforcement Network (FinCEN) today announced that it will hold an informational Webinar on Thursday, November 4, 2010 at 2:00 p.m. EST that will both highlight the benefits of the Bank Secrecy Act Electronic Filing System (BSA E-Filing) and instruct financial institutions on…

The theme of your conference this year - Moving Forward: Issues and Answers for a Changing Industry – is particularly fitting given the issue I would like to discuss with you today. Change is something that your industry has always needed to adapt to. Even more than a decade ago, FiSCA recognized…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced that it has submitted for publication in the Federal Register a notice of proposed rulemaking (NPRM) that would require certain depository institutions and money services businesses (MSBs) to affirmatively provide…

Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr., today spoke to credit union members attending the National Association of Federal Credit Unions (NAFCU) Washington Conference. Director Freis focused his remarks on the importance of having Federal Credit Unions follow…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a civil money penalty of $50,000 against Pinnacle Capital Markets, LLC, Raleigh, N.C., for violating the Bank Secrecy Act (BSA). Pinnacle, without admitting or denying the allegations, consented to…

I would like to spend our time together this morning sharing what FinCEN is trying to do with our efforts to bring a more comprehensive Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regime to the prepaid access industry. Prepaid products, also known as stored value, stored value cards, or…