The final rule prescribes the circumstances under which BOI may be disclosed, including to FIs and foreign governments, and how it must be protected.
December 22, 2023The FIUs including FinCEN, UKFIU, AUSTRAC, and NZFIU established the task force last month but is publicly recognising its formation now.
November 28, 2023The DOJ has appealed the decision to allow Changpeng Zhao to leave the US until sentencing on 23 February 2024.
November 24, 2023Readout from FinCEN forum includes a list of guidance documents to help financial institutions detect and report transactions related to suspected export controls evasion.
November 23, 2023While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.
November 22, 2023Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.
November 22, 2023Beneficial owners of numerous reporting companies would be able to use FinCEN identifiers to simplify the reporting process and for data security purposes.
November 8, 2023Latest BIS-FinCEN alert introduces a new filing code for suspicious activity reports related to suspected export controls evasion.
November 7, 2023The alert contains red flags that FinCEN has identified to help detect, prevent, and report potential suspicious activity related to Hamas’ terrorist financing activity.
October 23, 2023FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
October 20, 2023