The FDIC and FinCEN will open registration for interested individuals to participate in a "Tech Sprint Program" to focus on developing solutions "for financial institutions and regulators to help measure the effectiveness of digital identity proofing."
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FinCEN and the OCC penalized a Texas-based bank for willful violations of the Bank Secrecy Act and its implementing regulations.
FinCEN issued a request for information seeking feedback on ways to "streamline, modernize, and update" anti-money laundering and countering the financing of terrorism regulations and guidance under the Bank Secrecy Act.
In an Advance Notice of Proposed Rulemaking, FinCEN requested comment on regulations to implement amendments to the Bank Secrecy Act on antiquities trading contained in the Anti-Money Laundering Act of 2020.
The DOJ charged two individuals involved in an international financial scheme with operating an unlicensed money-transmitting business and failing to maintain adequate AML controls.