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Results: 1-10 of 13

FinCEN releases report regarding mortgage fraud

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 27 2009

On March 16, the Financial Crimes Enforcement Network, an agency of the U.S. Treasury (FinCEN), released a report entitled Mortgage Loan Fraud Connections with Other Financial Crime that outlines how subjects reported by depository institutions to the agency for suspected mortgage loan fraud may also be involved in other financial crimes such as check fraud, money laundering, stock manipulation and currency structuring to avoid transaction reporting requirements and other crimes

FinCEN announces prepaid access webinar

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • November 4 2011

The Financial Crimes Enforcement Network has announced that it will hold an informational webinar on Wednesday, November 9, from 3:00 to 4:00 p.m. EST that will highlight the new regulatory requirements of the Prepaid Access Final Rule, its intent and purpose, and the regulatory expectations

FinCEN issues advisory on jurisdictions with AMLCFT deficiencies

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 6 2013

The Financial Crimes Enforcement Network (FinCEN) on December 4 issued an advisory to financial institutions based on the Financial Action Task

OCC switches consideration of BSAAML findings for banks and foreign banking organizations

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 5 2012

On September 28, the Office of the Comptroller of the Currency (OCC), which regulates national banks and federal savings associations (collectively, banks), issued a bulletin that changes how deficiencies in Bank Secrecy Act and Anti-Money Laundering (BSAAML) examination findings are assessed by examiners

FFIEC issues supplement to Authentication in an Internet Banking Environment to prevent fraud

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 29 2011

The Federal Financial Institutions Examination Council recently issued a supplement to the Authentication in an Internet Banking Environment guidance, which was first issued in October 2005

Federal agencies issue guidance regarding the Bank Secrecy Act and beneficial ownership

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 5 2010

On March 5, the Financial Crimes Enforcement Network, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Securities and Exchange Commission released guidance to clarify and consolidate existing regulatory expectations for obtaining beneficial ownership information for certain accounts and customer relationships (the Guidance

FinCEN releases SAR activity review

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 5 2010

On January 22, the Financial Crimes Enforcement Network (FinCEN), a department of the U.S. Treasury, issued its 13th edition of The SAR Activity Review By the Numbers

FinCEN proposes amendments to definition of “money services businesses”

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 15 2009

On May 12, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, released a proposed regulation revising a portion of the Bank Secrecy Act (BSA) with respect to which entities are money services businesses (MSBs) for purposes of the BSA’s definitions

Unlawful Internet Gambling Enforcement Act of 2006 examination procedures

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 4 2010

On May 20, the Office of the Comptroller of the Currency issued interagency guidance for reviewing compliance with the joint rule promulgated by the U.S. Treasury Department and the Federal Reserve Board pursuant to the Unlawful Internet Gambling Enforcement Act of 2006

OTS issues mortgage scam alert

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 17 2009

On April 14, the Office of Thrift Supervision (OTS) issued an alert to consumers with advice regarding the avoidance of foreclosure rescue scams typically undertaken by companies or individuals who refer to themselves as "foreclosure consultants" or "foreclosure specialists"