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Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

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FCPA Blog Daily News

Entries in USA PATRIOT ACT (6)

Tuesday
Feb232016

FinCEN withdraws Andorra bank money laundering finding, owners claim ‘momentous victory’

The U.S. Treasury Department's Financial Crimes Enforcement Network withdrew a finding against Banca Privada d’Andorra Friday because the bank “no longer operates in a manner that poses a threat to the U.S. financial system.”

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Tuesday
Dec152015

Does FinCEN have too much power?

Eric Lewis of the law firm of Lewis BaachIn March, the U.S. Treasury Department's Financial Crimes Enforcement Network imposed a corporate death sentence on Banca Privada d'Andorra by designating it as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.

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Monday
Nov232015

U.S. and UK risk assessments differ on real estate-related AML

The United States and United Kingdom recently published comprehensive money laundering risk assessments through the UK’s National Risk Assessment and the U.S.’s National Money Laundering Risk Assessment.

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Monday
Jul272015

Tanzania bank is ‘shocked’ after ‘unexplained’ FinCEN ban

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Thursday imposed “special measure five” against Tanzania-based FBME Bank Ltd, formerly known as the Federal Bank of the Middle East.

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Tuesday
Jan272015

Oppenheimer fined $20 million for AML failures in penny stock trades

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) assessed a $20 million civil penalty against Oppenheimer & Co., Inc. for "willfully violating" the Bank Secrecy Act.

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Thursday
Nov212013

DOJ's Raman testifies about crimes involving virtual currencies

The Department of Justice is focused on deterring and prosecuting criminals who use virtual currency to hide money connected to criminal or terrorist acts, said acting assistant attorney general, Mythili Raman on Monday.

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