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WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today proposed a rule requiring certain investment advisers to establish anti-money laundering (AML) programs and report suspicious activity to FinCEN pursuant to the Bank Secrecy Act (BSA). FinCEN also proposed to include…

  Dear []: This responds to your letter of July 15, 2014, seeking an administrative ruling from the Financial Crimes Enforcement Network (“FinCEN”) on behalf of [ ] (the “Company”), regarding FinCEN’s money services business (“MSB”) regulations under the Bank Secrecy Act (“BSA”).…

WASHINGTON, DC – The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today renewed a Geographic Targeting Order (GTO) currently in place for armored cars and other common carriers of currency at two border crossings in Southern California and issued a new, similar,…

WASHINGTON, DC – The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a final rule, pursuant to Section 311 of the USA PATRIOT Act, which imposes “special measure five” against FBME Bank Ltd. (FBME), formerly known as the Federal Bank of the Middle East.…

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) today for South Florida check cashers to temporarily enhance the identification requirements on customers cashing Federal tax refund checks. South Florida has become a hotbed for stolen…