Bank Secrecy Act

Treasury Penalizes Anti-Money Laundering Failure After Weak Enforcement

The U.S. Treasury Department is raising the cost of turning a blind eye to suspicious financial activity. On August 3, Treasury’s Financial Crimes Enforcement Network (FinCEN) imposed a $125 million...

Anti-Money Laundering and Countering the Financing of Terrorism Programs

A Gameplan for American Economic Security:

Supercharging U.S. Statecraft, from an Economic Pentagon to the Near-Global Economy

Treasury Report Highlights Role of Financial Transactions in America’s Fentanyl Crisis

The Trump administration is intensifying its efforts to resolve America’s fentanyl crisis. On April 9, the U.S. Department of the Treasury released a financial trend analysis of data linked to suspicious...

Potential Consequences of FinCEN’s Beneficial Ownership Rulemaking

Banks Are Most Likely Exposed to Crypto-Assets Unknowingly

U.S. financial regulators are watching closely to see how financial institutions’ exposure to the crypto-asset industry is affecting their bank anti-money laundering compliance. As the broader public...