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FinCEN Assesses Money Penalty against Precious Metals Dealer for Violations of Anti-Money Laundering Laws

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $200,000 civil money penalty against a Los Angeles precious metals business, as well as its owner and compliance officer. B.A.K…

FinCEN Assesses Money Penalty against Precious Metals Dealer for Violations of Anti-Money Laundering Laws

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $200,000 civil money penalty against a Los Angeles precious metals business, as well as its owner and compliance officer. B.A.K…

In the Matter of B.A.K. Precious Metals, Inc.
Notice of Availability of Regulatory Impact Assessment and Initial Regulatory Flexibility Analysis Regarding the Customer Due Diligence Requirements for Financial Institutions Proposed Rulemaking

The Financial Crimes Enforcement Network (FinCEN) today announced the availability of two related documents that are part of the Customer Due Diligence Requirements for Financial Institutions Proposed Rulemaking: A Regulatory Impact Assessment (RIA) and an Initial Regulatory Flexibility Analysis…

Notice of Availability of Regulatory Impact Assessment and Initial Regulatory Flexibility Analysis Regarding the Customer Due Diligence Requirements for Financial Institutions
Egmont Group Communiqué: The Egmont Group of Financial Intelligence Units Mobilises its Global Membership to Advance the Fight Against Terrorist Financing
FinCEN’s First Card Club Enforcement Action Leads to $650k Settlement with California’s Oaks Card Club

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced its first settlement with and assessment against a “card club” gaming establishment. Oaks Card Club d/b/a Oaks Club (Oaks), of…

FinCEN’s First Card Club Enforcement Action Leads to $650k Settlement with California’s Oaks Card Club

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced its first settlement with and assessment against a “card club” gaming establishment. Oaks Card Club d/b/a Oaks Club (Oaks), of…

Bank Secrecy Act Advisory Group; Solicitation of Application for Membership
In the Matter of Oaks Card Club d/b/a Oaks Club