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WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today presented its first-ever Law Enforcement Awards in a ceremony at the U.S. Department of the Treasury. These awards are presented to law enforcement agencies that use Bank Secrecy Act )BSA) reporting in their criminal…
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Members of the media may email inquiries or interview requests to press@fincen.gov.
If you are not a member of the media, please visit the FinCEN contact page.
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Good afternoon. I would like to thank the Color Guard from the Takoma Park Police Department, as well as Sgt. Charlotte Djossou of the Metropolitan PD for her beautiful rendition of our National Anthem. I would also like to thank our award recipients and distinguished guests for joining us for…
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Good morning. It is a pleasure to be joining you to kick off this year’s conference. This event always provides a tremendous opportunity to spend some time with our many partners on the West Coast. This morning, I will use the opportunity to update you on some of the work FinCEN is doing and,…
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FinCEN Fines Ripple Labs Inc. in First Civil Enforcement Action Against a Virtual Currency Exchanger
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California (USAO-NDCA), assessed a $700,000 civil money penalty today against Ripple Labs Inc. and its wholly-owned subsidiary, XRP II, LLC (…
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Good morning. It is a pleasure to be joining you for the Institute of International Bankers Annual Anti–Money Laundering (AML) Seminar. Thank you to our hosts and particularly Sally Miller for inviting me to be a part of today's event.
As representatives of the international financial community,…
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WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) today to about 700 Miami businesses to shed light on cash transactions that may be tied to trade-based money laundering schemes. These complex schemes are a primary method used by drug…
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WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $75,000 civil money penalty against a Colorado money services business (MSB), Aurora Sunmart Inc., and its owner and general manager, Jamal Awad. Since 2008, Aurora willfully violated the Bank…
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On February 27, 2015, the Financial Action Task Force (FATF) updated its list ofjurisdictions with strategic AML/CFT deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions.
As part of the FATF's listing and…