bankingdive8h
Brink’s subsidiary to pay $42M to settle FinCEN, DOJ claims
The armored car company will pay FinCEN and the DOJ $42 million over three years following its willful admission to Bank ...
Mastercard and Visa accused of enabling payments for child sexual abuse content, report claims
Mastercard and Visa allegedly failed to halt payments linked to child abuse material and sex trafficking on OnlyFans, Reuters ...
JD Supra8d
Deadline Approaches for RIAs to Adopt AML Programs CIP Requirements Remain in Limbo
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) adopted a final rule that subjects investment advisers to the ...
JD Supra3y
FinCEN Issues Advisory on Increased Use of Funnel Accounts by Criminals as Part of Mexican Trade-Based Money Laundering Transactions
FinCEN states in the Advisory that law enforcement information and suspicious activity reports lead to the conclusion that, at this time, Mexico-related criminals: (1) continue to use funnel ...
FinCEN Fines Lake Elsinore Hotel and Casino Over Anti-Money-Laundering Violations
These violations included failure to implement and maintain an effective anti-money-laundering program and failure to file ...
The Financial11d
Kucoin Pleads Guilty To Unlicensed Money Transmission Charge And Agrees To Pay Penalties Totaling Nearly $300 Million
Danielle Sassoon, the United States Attorney for the Southern District of New York, announced that PEKEN GLOBAL LIMITED ...
American Banker1mon
Fincen beneficial ownership reporting deadlines reinstated, extended
In light of the decision, reporting companies are required to submit beneficial ownership information to Fincen ... most U.S. legal entities report their true owners to the government. The law is ...