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Results: 1-10 of 16

FFIEC releases revised BSAAML Examination Manual
  • Katten Muchin Rosenman LLP
  • USA
  • December 5 2014

On November 26, the Federal Financial Institutions Examination Council (FFIEC) released the revised Bank Secrecy ActAnti-Money Laundering (BSAAML


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


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


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"


FinCEN updates regulatory forms and citations
  • Katten Muchin Rosenman LLP
  • USA
  • March 25 2011

As part of the transfer of the Bank Secrecy Act regulations from 31 CFR Part 103 to 31 CFR Chapter X, the Financial Crimes Enforcement Network (FinCEN) has updated the regulatory citations found in its forms to 31 CFR Chapter X


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


FinCEN seeks to strengthen customer due diligence requirements
  • Katten Muchin Rosenman LLP
  • USA
  • March 2 2012

The Financial Crimes Enforcement Network on February 29 issued an advance notice of proposed rulemaking to solicit public comment on a wide range of questions pertaining to the possible application of an explicit customer due diligence obligation on financial institutions, including a requirement for financial institutions to identify beneficial ownership of their accountholders


FinCEN delays new currency transaction report and suspicious activity report deadlines
  • Katten Muchin Rosenman LLP
  • USA
  • January 6 2012

The Financial Crimes Enforcement Network (FinCEN) announced on December 20, 2011 that the deadline for financial institutions to utilize FinCEN's new Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) for reporting purposes will be extended to March 31, 2013


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


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