Earlier this year, U.S. President Joe Biden requested an increase in spending for the Financial Crimes Enforcement Network (“FinCEN”) to $210 million. Last week, the U.S. House of Representatives (the “House”) passed a bill...more
On April 28, 2022, the Acting Director of the Financial Crimes Enforcement Network (“FinCEN”), Himamauli Das (“Das”), appeared before the U.S. House Committee on Financial Services to provide an update on FinCEN’s...more
But AML Concerns Linger As To “High End” Art and NFTs -
On February 4, 2022, the U.S. Department of the Treasury published a study (the “Study”) on the facilitation of money laundering (“ML”) and terrorist financing (“TF”)...more
Global environmental crime—the third largest illicit activity in the world, according to a report by the FATF—is estimated to generate hundreds of billions in illicit proceeds annually. This criminal activity harms human...more
Seventh Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime -
On April 5, 2021, the Financial Crimes Enforcement Network (“FinCEN”) issued an advance notice of proposed rulemaking (“ANPRM”) to...more
Revisions to BSA Will Inform Regulatory Examinations for Years to Come -
Third Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime -
As we have blogged, the Anti-Money Laundering Act of 2020...more
Advisory Suggests that COVID-19 Pandemic Exacerbates Conditions Contributing to Trafficking -
The Financial Crimes Enforcement Network (“FinCEN”) recently issued an Advisory on Identifying and Reporting Human Trafficking and...more
Indictment Again Highlights the Role of Correspondent Banking in Money Laundering -
On May 28, 2020, the U.S. Department of Justice (“DOJ”) unsealed a 50-page indictment against 28 North Korean and 5 Chinese bankers...more
6/4/2020
/ Anti-Money Laundering ,
Blocked Person ,
China ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FATF ,
Financial Crimes ,
Financial Transactions ,
FinCEN ,
Foreign Correspondent Banking ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
Indictments ,
Money Laundering ,
National Security ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
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