The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney’s Office for the Northern District of California, assessed a $700,000 civil money penalty against Ripple Labs Inc....Read More
The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) to about 700 Miami businesses to shed light on cash transactions that may be tied to trade-based money...Read More
Last Wednesday, the United States published it’s 2015 International Narcotics Control Strategy Report which includes a list of Major Money Laundering Jurisdictions. Antigua & Barbuda, The Bahamas, Belize, the British...Read More
The Financial Crimes Enforcement Network (FinCEN) recently named Banca Privada d'Andorra (BPA) as a foreign financial institution of primary money laundering concern. “This finding and notice of proposed rulemaking are...Read More
The US Treasury Department announced that an Executive Order has been issued blocking property and placing travel restrictions on certain individuals. Treasury Secretary Lew issued a statement in which he...Read More
The U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) on January 16th, 2015 issued regulations...Read More
In a decision that sent shock wave across the financial industry and other regulatory industries, the Financial Crimes Enforcement Network (FinCEN) has personally fined $1 million civil money penalty (CMP) against...Read More
