FinCEN Director Kenneth A. Blanco delivered prepared remarks on September 24 at the 2019 Federal Identity (FedID) Forum and Exposition in Tampa, Florida. Director Blanco summarized the topics of his remarks by stating the...more
9/27/2019
/ Acting Directors ,
Authentication ,
Bank Secrecy Act ,
Business E-Mail Compromise (BEC) ,
Cyber Policies ,
Cybersecurity ,
FinCEN ,
Hackers ,
National Security ,
Personally Identifiable Information ,
Popular ,
Suspicious Activity Reports (SARs)
Second Post in a Two-Part Series -
Opinion Stresses Importance of Narrative Sections and Supporting Documentation for SARs -
In our first post in this series, we discussed the Securities and Exchange Commission’s...more
12/26/2018
/ Broker-Dealer ,
Enforcement Actions ,
Failure-to-File ,
Filing Requirements ,
Financial Services Industry ,
Market Manipulation ,
Money Laundering ,
Penny Stocks ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Suspicious Activity Reports (SARs)
First Post in a Two-Part Series -
On December 11, Judge Denise Cote of the Southern District of New York granted, in part, the Securities and Exchange Commission’s (“SEC”) motion for summary judgement in its action against...more
12/21/2018
/ Bank Secrecy Act ,
Books & Records ,
Broker-Dealer ,
Clearing Agents ,
Enforcement Actions ,
Enforcement Authority ,
Financial Services Industry ,
First Impression ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Stock Trades ,
Suspicious Activity Reports (SARs)
Charges Represent First Criminal Case Based Solely on Alleged Unauthorized SAR Disclosure -
On October 17, the U.S. Attorney for the Southern District of New York (“SDNY”) announced the arrest of a senior employee at the...more
On June 5, the SEC filed suit against Salt Lake City-based Alpine Securities, Corp. (“Alpine”). The complaint, filed in the Southern District of New York, alleges that the broker-dealer ran afoul of AML rules by “routinely...more
2016 was a busy year for developments in Anti-Money Laundering (AML), the Bank Secrecy Act (BSA), the criminal money laundering statutes, forfeiture, and related issues. In part one of our year-in-review, we discuss six key...more
2/3/2017
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
BSA/AML ,
Casinos ,
Consumer Lenders ,
Customer Due Diligence (CDD) ,
FATF ,
Financial Institutions ,
FinCEN ,
Fines ,
Gambling ,
Gaming ,
Geographic Targeting Order ,
Money Laundering ,
Mortgage Lenders ,
Mortgages ,
NYDFS ,
Offshore Funds ,
Panama Papers ,
Popular ,
Real Estate Market ,
Suspicious Activity Reports (SARs) ,
Tax Evasion