In a significant move to curb illegal activities at the U.S. Southwest border, the Financial Crimes Enforcement Network (FinCEN) issued an alert, on May 1, 2025, concerning oil smuggling from Mexico into the United States,...more
On May 1, 2025, the Financial Crimes Enforcement Network (FinCEN) released a Notice of Proposed Rulemaking (NPRM) regarding the Huione Group, a foreign financial institution located in Cambodia. This proposal, enacted under...more
5/6/2025
/ AML/CFT ,
Cambodia ,
Cryptocurrency ,
Cyber Crimes ,
Digital Assets ,
Enforcement Actions ,
Financial Crimes ,
Financial Services Industry ,
FinCEN ,
Foreign Financial Institutions (FFI) ,
Know Your Customers ,
Money Laundering ,
NPRM ,
Patriot Act ,
Popular ,
Proposed Rules
On June 20, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a supplemental advisory to alert U.S. financial institutions about emerging trends in the illicit fentanyl supply chain. The supplemental advisory...more
7/3/2024
/ Bank Secrecy Act ,
BSA/AML ,
Department of Justice (DOJ) ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Illegal Drugs ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Prescription Drugs ,
Significant Transnational Criminal Organization ,
Supply Chain
It is challenging for law enforcement to track down and trace illicit activities conducted through digital currencies. The process can be very time- and resource-intensive. Further, securing charges and arrests, and...more
3/19/2024
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Daubert Standards ,
Digital Assets ,
Digital Currency ,
Electronic Communications ,
Enforcement Actions ,
Evidence ,
Expert Testimony ,
Financial Crimes ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Government Investigations ,
Guilty Pleas ,
Money Laundering ,
Popular ,
Virtual Currency
On October 15, 2021, the Financial Crimes Enforcement Network (“FinCEN”) issued a financial trend analysis on ransomware relating to Suspicious Activity Reports (“SARs”) filed in the first half of this year (“Analysis”). ...more