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The Financial Crimes Enforcement Network (FinCEN) announced today proposed changes to the current Report of International Transportation of Currency and Monetary Instrument Report (CMIR), FinCEN Form 105.The most significant proposed change converts the multi-purpose form into two forms: FinCEN…

I wish to thank His Highness Sheikh Mohammed bin Rashid Al Maktoum, Tawfique Abdullah, CEO of the Dubai Metals and Commodities Center, and Eli Izhakoff and the other officers and members of the World Diamond Council for the opportunity to address this very important gathering. Opportunities like…

William J. Fox, Director of the Financial Crimes Enforcement Network (FinCEN), is leading a delegation to Rome, Kuwait and the United Arab Emirates to underscore the importance of an ongoing dialogue and partnership between the diamond industry and governments in the Middle East and around the…

Fraudulent ANTI-TERRORIST STOP ORDER letters, purportedly sent by the Financial Crimes Enforcement Network (FinCEN), are being sent to bank customers. Copies of these ANTI-TERRORIST letters have been received by FinCEN that notify consumers that mandatory fees, in amounts of approximately $25,000,…

Dear [ ]: This letter responds to your letter dated January 8, 2004, requesting a determination as to whether your client, [ ], a [foreign] currency exchanger with its principal place of business in [a foreign country], is required to register with the Financial Crimes Enforcement Network (“FinCEN…