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WASHINGTON—Today, the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $100,000 civil money penalty on Gyanendra Kumar Asre (Asre) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. FinCEN’s action also imposes a…
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WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a finding and notice of proposed rulemaking (NPRM) that identifies Al-Huda Bank, an Iraqi bank that serves as a conduit for terrorist financing, as a foreign financial institution of…
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      Prepared Remarks of Andrea Gacki, Director FinCEN Identity, Authentication and the Road Ahead: A Cybersecurity Policy Forum January 25, 2024 Good afternoon. My name is Andrea Gacki, and I’m the Director of the Financial Crimes Enforcement Network (FinCEN). It’s been an…
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Report examines suspicious activity tied to the exploitation of identity processes during account creation, account access, and transaction processing WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) on information linked to identity-…
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Secretary of the Treasury Janet L. Yellen provided remarks today at the Financial Crimes Enforcement Network. Read her remarks at https://home.treasury.gov/news/press-releases/jy2017.
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Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or Registration WASHINGTON -- Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The bipartisan Corporate…