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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


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


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


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 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


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 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 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 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