FinCEN

FinCEN Deputy Director Talks Reform, NBFI Supervision
FinCEN Deputy Director Talks Reform, NBFI Supervision
September 11, 2019  |  Regulation

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept....

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FinCEN Director On Why Casino Cooperation Is Central To Fighting Financial Crime 
FinCEN Director On Why Casino Cooperation Is Central To Fighting Financial Crime 
August 14, 2019  |  Regulation

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. Blanco took to the stage...

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FinCEN: BEC Scams Tried to Siphon $9B Since 2016
FinCEN: BEC Scams Tried to Siphon $9B Since 2016
August 05, 2019  |  B2B Payments

BEC is gaining steam, accounting for billions of dollars in attempted (and successful) thefts across all manner of industries, FinCEN finds. Separately, in Lodi City, California,...

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BEC Scams Nearly Double Over Three Years
BEC Scams Nearly Double Over Three Years
July 29, 2019  |  B2B Payments

Business E-mail Compromise (BEC) fraud scams are on the rise, and the latest data shows a boost in the number of incidents and the value...

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FinCEN Calls For Private Sector Innovation
FinCEN Calls For Private Sector Innovation
May 24, 2019  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have...

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FinCEN Issues Guidance On Virtual Currencies
FinCEN Issues Guidance On Virtual Currencies
May 10, 2019  |  Cryptocurrency

In response to questions by law enforcement, financial institutions and regulators, the Financial Crimes Enforcement Network (FinCEN) issued guidance for companies and individuals “engaged in...

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Bitcoin Daily: FinCEN Penalizes P2P Currency Exchanger; Binance Announces Its Own Blockchain
Bitcoin Daily: FinCEN Penalizes P2P Currency Exchanger; Binance Announces Its Own Blockchain
April 19, 2019  |  Bitcoin

A new report has found that ransomware payments increased nearly 90 percent in the first quarter of the year over the previous quarter. According to...

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Deep Dive: How To Improve Existing AML/KYC Requirements
Deep Dive: How To Improve Existing AML/KYC Requirements
February 04, 2019  |  AML

The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work toward remaining compliant.

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Shutdown Impacting FinTech Firms, Financial Regulations
Shutdown Impacting FinTech Firms, Financial Regulations
January 14, 2019  |  Regulation

Count the FinTech sector — and regulation of that sector — among those impacted by the government shutdown that has roiled Washington through the past...

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