FinCEN

US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
July 05, 2020  |  Retail

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated...

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FinCEN Reminds FIs To Watch For Fraud During COVID-19 Crisis
FinCEN Reminds FIs To Watch For Fraud During COVID-19 Crisis
April 03, 2020  |  Coronavirus

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the...

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Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US
Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The...
March 30, 2020  |  Bitcoin

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French...

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European Bank Branches Close, Limit Hours
European Bank Branches Close, Limit Hours
March 16, 2020  |  Coronavirus

The coronavirus could have far-reaching effects on grocery stores, entertainment and banking, while boosting delivery services and identity verification services. Here are the latest updates...

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Ex-US Bank Risk Officer Fined Over AML Compliance
Ex-US Bank Risk Officer Fined Over AML Compliance
March 04, 2020  |  AML

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank, a subsidiary of U.S. Bancorp, with a...

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FinCEN Announces New Digital Innovation Officer/Deputy Director
FinCEN Announces New Digital Innovation Officer/Deputy Director
February 21, 2020  |  Personnel

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier succeeds Jamal El-Hindi, who will...

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FIUs: Fraud, Terrorism Among Global Concerns With Virtual Assets
FIUs: Fraud, Terrorism Among Global Concerns With Virtual Assets
February 19, 2020  |  Cryptocurrency

Financial Intelligence Units (FIUs) from the 39-country Financial Action Task Force (FATF) and the Egmont Group Secretariat gathered in Paris to talk about the global...

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FinCEN Tweaks Rule On Reporting Financial Transactions
FinCEN Tweaks Rule On Reporting Financial Transactions
February 11, 2020  |  Regulation

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and...

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FinCEN Director: Bankers, Lawyers Provide Valuable Information To Deter Crime
FinCEN Director: Bankers, Lawyers Provide Valuable Information To Deter Crime
December 10, 2019  |  Security & Fraud

Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco told bankers and lawyers at a conference Dec. 10 that the information they report provides important...

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