On March 11, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) requiring all money services businesses (MSBs) operating within 30 specified ZIP codes near the U.S.-Mexico border...more
3/14/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
Enforcement Actions ,
Financial Crimes ,
Financial Regulatory Reform ,
FinCEN ,
Money Laundering ,
Money Transmitter ,
Reporting Requirements ,
Risk Assessment ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury
On September 6, 2024, Wynn Las Vegas (“Wynn LV”) agreed to forfeit over $130 million to resolve a criminal investigation into the gaming giant’s suspected violated federal anti-money laundering (“AML”) laws. Daniel Silva, a...more
10/4/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Criminal Forfeiture ,
Criminal Investigations ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Financial Crimes ,
IRS ,
Penalties ,
Reporting Requirements ,
Settlement