News & Analysis as of

BSA/AML Data Collection Bank Secrecy Act

Morrison & Foerster LLP

No Full TIN, No Problem: FinCEN Approves of TIN Verification Through a Third Party

On June 27, 2025, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order (Order) allowing banks,[1] and their subsidiaries, subject to the jurisdiction of the Office of the Comptroller...more

Foodman CPAs & Advisors

Is the “FinCEN Query” a Gateway to Convergence?

FinCEN’s (a bureau of the U.S. Department of the Treasury) primary purpose is  protecting the financial system from illicit use, combating money laundering, and promoting national security through the collection, analysis,...more

Foodman CPAs & Advisors

¿Es el FinCEN “Query” la Puerta de Entrada a la Convergencia?

FinCEN es una oficina del Departamento del Tesoro de los EE. UU. Su propósito principal es proteger el sistema financiero del uso ilícito, combatir el lavado de dinero y promover la seguridad nacional a través de la...more

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