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| News
Department of Justice News Release: Former Chairman of Taylor, Bean & Whitaker Indicted for His Role in a More Than $1.9 Billion Fraud Scheme That Contributed to the Failure of Colonial Bank
 
| Administrative Ruling
Application of Section 311 Special Measures to the payment of current and future potential obligation of a US customer
Financial Crimes Enforcement Network Dear []: We are responding to your letter of January 15, 2009 to the Financial Crimes Enforcement Network ("FinCEN") requesting an administrative ruling on the application of section 311 of the USA PATRIOT Act to certain shareholder payments to [ ] ("the 311…
| Administrative Ruling
Application of Section 311 Special measures to Payments under a Stand-By Letter of Credit
Financial Crimes Enforcement Network Dear []: I am responding to your letter of June 2, 2008 to the Financial Crimes Enforcement Network ("FinCEN") requesting an administrative ruling on the application of section 311 of the USA PATRIOT Act to a standby letter of credit. Specifically, the…
| Enforcement Action
In the Matter of Pamrapo Savings Bank, S.L.A.
| News
$1 Million Penalty Assessed Against Pamrapo Savings for Bank Secrecy Act Violations
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a civil money penalty (CMP) of $1 million against Pamrapo Savings Bank, S.L.A., of Bayonne, N.J. for violating requirements under the Bank Secrecy Act (BSA). Pamrapo’s lack of internal controls…
| SAR Technical Bulletin
By The Numbers Issue 14
| Speech
PREPARED REMARKS OF JAMES H. FREIS, JR. DIRECTOR, FINANCIAL CRIMES ENFORCEMENT NETWORK U.S. DEPARTMENT OF THE TREASURY
It is a pleasure to be back with you today at the Institute of International Bankers' International Banking Anti-Money Laundering Seminar. It was at this seminar three years ago that I gave my first public speech to a large banking industry group, not long after having assumed my current…
| Testimony
Statement of Charles M. Steele, Deputy Director, Financial Crimes Enforcement Network, United States Department of the Treasury
Chairman Levin, Ranking Member Camp, and distinguished Members of the Committee, I am Charlie Steele, Deputy Director of the Financial Crimes Enforcement Network (FinCEN), and I appreciate the opportunity to appear before you today to discuss the mission and regulatory authorities of FinCEN and to…
| Enforcement Action
In the Matter of Eurobank, San Juan, Puerto Rico
| News
The Financial Crimes Enforcement Network and the Federal Deposit Insurance Corporation Assess Civil Money Penalties Against Eurobank
WASHINGTON, DC - The Financial Crimes Enforcement Network (FinCEN) and the Federal Deposit Insurance Corporation (FDIC) today announced the assessment of concurrent civil money penalties of $25,000 against Eurobank, San Juan, Puerto Rico, for violating the Bank Secrecy Act (BSA) and similar rules…