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Financial Crimes Enforcement Network (FinCEN) Director James H. Freis, Jr. participated in a town hall meeting today sponsored by the Minnesota Bankers Association with approximately 25 Minnesota depository institutions with assets under $5 billion. Today's meeting was held in conjunction with…

VIENNA, Va. - The Financial Crimes Enforcement Network (FinCEN) today released an assessment - Assessing the Impact of Amendments to the CTR Exemption Rules Implemented on January 5, 2009 - of the impact of changes made to currency transaction report (CTR) requirements that shows fewer CTR filings…

Director James H. Freis, Jr. and other FinCEN representatives participated this week in the 18th annual plenary meeting of the Egmont Group of financial intelligence units (FIUs), held in Cartagena, Colombia. An FIU is the central authority in each jurisdiction responsible for the collection,…

This document describes factors that a casino or card club may need to consider in applying a risk-based approach to the development and implementation of a Bank Secrecy Act ("BSA") compliance program. The BSA requires casinos and card clubs to develop and implement compliance programs tailored to…

This document describes factors that a casino or card club may need to consider in assessing the effectiveness of its Bank Secrecy Act (“BSA”) compliance program. The BSA requires casinos and card clubs to develop and implement compliance programs tailored to their business activities and risk…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its 14th edition of the SAR Activity Review – By the Numbers, which covers suspicious activity reports (SARs) filed in 2009. The report shows that the total number of all SARs filed by financial institutions declined…

VIENNA, Va. – In a Notice of Proposed Rulemaking (NPRM) entitled Amendment to the Bank Secrecy Act Regulations – Definitions and Other Regulations Relating to Prepaid Access, the Financial Crimes Enforcement Network (FinCEN) today proposed new rules that would establish a more comprehensive…

VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its first analysis of suspicious activity reports (SARs) containing information about potential foreclosure rescue scams. The report, Loan Modification and Foreclosure Rescue Scams – Evolving Trends and Patterns in Bank…

Financial Crimes Enforcement Network (FinCEN) Deputy Director Charles M. Steele participated in a town hall meeting today with approximately 20 Chicago area depository institutions with assets under $5 billion. Today’s meeting was held in conjunction with FinCEN’s ongoing financial institutions…