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| Federal Register Notice
Amendment to the Bank Secrecy Act Regulations – Definitions and Other Regulations Relating to Prepaid Access
| News
FinCEN Releases 14th SAR Activity Review-By the Numbers
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its 14th edition of the SAR Activity Review – By the Numbers, which covers suspicious activity reports (SARs) filed in 2009. The report shows that the total number of all SARs filed by financial institutions declined…
| News
FinCEN Proposed Rule Seeks Greater Transparency for Prepaid Access to Help Curb Money Laundering, Terrorist Financing
VIENNA, Va. – In a Notice of Proposed Rulemaking (NPRM) entitled Amendment to the Bank Secrecy Act Regulations – Definitions and Other Regulations Relating to Prepaid Access, the Financial Crimes Enforcement Network (FinCEN) today proposed new rules that would establish a more comprehensive…
| News
FinCEN Analysis: Foreclosure Rescue Scam Reports Increase Nature of Foreclosure Rescue Scams Shifts
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its first analysis of suspicious activity reports (SARs) containing information about potential foreclosure rescue scams. The report, Loan Modification and Foreclosure Rescue Scams – Evolving Trends and Patterns in Bank…
| News
FinCEN Deputy Director Steele Participates in Town Hall with Chicago Area Depository Institutions
Financial Crimes Enforcement Network (FinCEN) Deputy Director Charles M. Steele participated in a town hall meeting today with approximately 20 Chicago area depository institutions with assets under $5 billion. Today’s meeting was held in conjunction with FinCEN’s ongoing financial institutions…
| News
Department of Justice News Release: Former Chairman of Taylor, Bean & Whitaker Indicted for His Role in a More Than $1.9 Billion Fraud Scheme That Contributed to the Failure of Colonial Bank
 
| Administrative Ruling
Application of Section 311 Special Measures to the payment of current and future potential obligation of a US customer
Financial Crimes Enforcement Network Dear []: We are responding to your letter of January 15, 2009 to the Financial Crimes Enforcement Network ("FinCEN") requesting an administrative ruling on the application of section 311 of the USA PATRIOT Act to certain shareholder payments to [ ] ("the 311…
| Administrative Ruling
Application of Section 311 Special measures to Payments under a Stand-By Letter of Credit
Financial Crimes Enforcement Network Dear []: I am responding to your letter of June 2, 2008 to the Financial Crimes Enforcement Network ("FinCEN") requesting an administrative ruling on the application of section 311 of the USA PATRIOT Act to a standby letter of credit. Specifically, the…
| Enforcement Action
In the Matter of Pamrapo Savings Bank, S.L.A.
| News
$1 Million Penalty Assessed Against Pamrapo Savings for Bank Secrecy Act Violations
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a civil money penalty (CMP) of $1 million against Pamrapo Savings Bank, S.L.A., of Bayonne, N.J. for violating requirements under the Bank Secrecy Act (BSA). Pamrapo’s lack of internal controls…