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The US Financial Crimes Enforcement Network (FinCEN) said that about $312 billion worth of suspicious money transfers were reported between January 2020 and December 2024. These networks are accused ...

Key insight: The agency predicts it will collect voluntary survey data on anti-money-laundering compliance costs from hundreds of thousands of nonbank institutions. Supporting Data: The agency expects ...

Ransomware isn’t slowing down. In fact, it’s accelerating. According to a new Financial Trend Analysis from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), ...

Treasury’s Financial Crimes Enforcement Network (FinCEN) postponed the effective date of a rule bringing certain investment advisers within the standards of its anti-money-laundering and ...

The Bank Secrecy Act (BSA) program requirements are going to change. On June 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) to strengthen ...

The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department building on April 24, 2025, in Washington, D.C. (Photo by J. David Ake/Getty ...

The Financial Crimes Enforcement Network (Fincen) issued a notice on Monday urging financial institutions to significantly increase their vigilance in identifying and reporting suspicious activity ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. FinCEN is issuing: (1) an Advisory to urge financial institutions to be ...

Banner years are generally welcome, except when it comes to ransomware. New data from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, known as FinCEN, finds that ransomware ...