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VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today proposed a requirement that non-bank residential mortgage lenders and originators, like other types of financial institutions, establish anti-money laundering (AML) programs and comply with suspicious activity report (SAR)…

The Financial Crimes Enforcement Network ("FinCEN"), after consulting with staff of the U.S. Securities and Exchange Commission ("SEC") and the Commodity Futures Trading Commission ("CFTC"), is issuing this guidance to confirm that under the Bank Secrecy Act ("BSA") and its implementing regulations…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released a final rule – Confidentiality of Suspicious Activity Report as well as an advisory, and two guidance documents, and a Notice of Availability of Guidance that together clarify and strengthen the scope of Suspicious…

The Financial Crimes Enforcement Network (“FinCEN”), after consulting with the staffs of the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency…

The following is revised guidance to financial institutions on the transmittal of funds "Travel" rule. This guidance updates the document “Funds ‘Travel’ Regulations: Questions & Answers” issued in 1997. It includes a parenthetical at the end of each answer indicating the date the answer was…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released a new study analyzing Suspicious Activity Reports (SARs) citing identity theft that shows while suspected cases of identity theft are on the rise, vigilant financial institution employees are reportedly rejecting over…