Cryptocurrency company Tether condemned a report from The Wall Street Journal (WSJ) posted Friday (Oct. 25) that said federal agencies are investigating the company for possible violations of sanctions and anti-money laundering (AML) rules. The WSJ report cited unnamed sources. “These stories are based on...
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the bank no longer operates as a depository institution. ABLV was a commercial bank located in Riga, Latvia, and FinCEN found...
Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. As required by the Financial Data Transparency Act of 2022, the data standards for identifiers of legal entities and other common identifiers are...
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial...
July 17, 2024
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption […]
November 22, 2024
The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department of the Treasury Assistant Secretary for International Finance Brent Neiman said Tuesday (Nov. 19). In remarks prepared for delivery at a conference hosted by the Federal Reserve Bank of New York, Neiman said the […]
October 25, 2024
Cryptocurrency company Tether condemned a report from The Wall Street Journal (WSJ) posted Friday (Oct. 25) that said federal agencies are investigating the company for possible violations of sanctions and...
September 26, 2024
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the bank no longer operates as...
August 02, 2024
Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. As required by the Financial Data Transparency Act...
