On May 13, 2024, the Securities and Exchange Commission (SEC) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed rules (CIP Rules) that would impose customer identification...more
5/21/2024
/ AML/CFT ,
Comment Period ,
Compliance ,
Customer Identification Program (CIP) ,
Customer Information ,
FinCEN ,
Investment Adviser ,
Popular ,
Proposed Rules ,
Registered Investment Advisors ,
Securities and Exchange Commission (SEC)
On February 13, 2024, the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking regarding a new proposed rule that would require certain investment advisers to apply anti-money...more
2/26/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Beneficial Owner ,
Comment Period ,
Compliance ,
Examination Priorities ,
Exemptions ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Information Sharing ,
Investment Adviser ,
NPRM ,
Popular ,
Proposed Rules ,
Registered Investment Advisors ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury
At the direction of the President, FinCEN is intensifying its regulation of banks and fintechs across the spectrum of the laws that it is charged with enforcing. This past June, the White House published the Memorandum on...more
7/28/2021
/ AML/CFT ,
Anti-Money Laundering ,
Biden Administration ,
Compliance ,
Cyber Crimes ,
Drug Trafficking ,
Enforcement Priorities ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Human Trafficking ,
Nuclear Weapons ,
Presidential Memorandum ,
Significant Transnational Criminal Organization ,
State Sponsors of Terrorism
In the latest sign that the federal enforcement apparatus is slowly but surely training its sights on white-collar professionals and businesses, particularly financial services, the Financial Crimes Enforcement Network...more
7/9/2021
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
Cyber Crimes ,
Cybersecurity ,
Enforcement Priorities ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Yates Memorandum