Articles with tag like: FinCEN

Found 11 results in 561 milliseconds.

Governments must take more active role in AML efforts: ACAMS survey

News | Digital Identity, Security & Online Fraud | 12 Feb 2021

Financial institutions welcome plans to regulate firms for anti-money laundering (AML) efficacy but say more input is needed from governmental officials.

fintech, regtech, cryptocurrency, AML, money laundering, financial crime, data, FinCEN, SAR, law enforcement, ACAMS

New US administration freezes FinCEN's proposed crypto wallet regulations

News | Cryptocurrencies | 22 Jan 2021

President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry, according to Coin Telegraph.

Joe Biden, FinCEN, cryptocurrency, crypto wallet, Bitcoin, payments, anonymity, US

Capital One fined for violating US anti-money laundering law

News | Digital Identity, Security & Online Fraud | 18 Jan 2021

Capital One Financial, a US-based credit card firm, has been fined USD 390 million for engaging in what the US government called wilful and negligent violations of the Bank Secrecy Act, according to Reuters.

Capital One Financial, FinCEN, Bank Secrecy Act, money laundering, financial crime, bank, US, fraud prevention

US FinCEN encourages financial institutions to share information to fight crime

News | Digital Identity, Security & Online Fraud | 14 Dec 2020

The US Financial Crimes Enforcement Network (FinCEN) has encouraged financial institutions to share customer information with one another to catch wrongdoers.

FinCEN, US, data sharing, Open Banking, fraud, banks, financial institution, security

FinCEN hits Helix and Coin Ninja founder with USD 60 million civil monetary penalty

News | Digital Identity, Security & Online Fraud | 10 Nov 2020

The Financial Crimes Enforcement Network (FinCEN) has recently hit the founder and primary operator of both Helix and Coin Ninja with a USD 60 million civil monetary penalty.

Financial Crimes Enforcement Network, FinCEN, virtual currency, Bitcoin, AML program, Bitcoin mixer, cryptocurrency

Grasshopper Bank Selects Alessa for AML compliance

News | Digital Identity, Security & Online Fraud | 13 Jul 2020

Grasshopper Bank has selected Alessa for anti-money laundering compliance in the Microsoft Azure cloud.

Grasshopper Bank, banks, Alessa, AML, anti-money laundering, Microsoft Azure, cloud, KYC, customer identification program, CIP, transactions , SAR/CTR, FinCEN

Bitcoin ATM growth may benefit money launderers, report

News | Cryptocurrencies | 25 Jun 2020

Analytics company CipherTrace has reported that as the number of Bitcoin ATMs increases, they can be used to sidestep anti-money laundering (AML) controls.

Bitcoin ATMs, money laundering, ML, anti-money laundering, AML, CipherTrace, analytics, high-risk exchanges, cryptocurrency, bank cards, cash, digital wallet, offshore, KYC, US, FinCEN, Travel Rule

Fattmerchant launches payment solution for SaaS companies, Omni Connect

News | Payments General | 14 May 2020

US-based merchant service provider Fattmerchant has announced the launch of a payments platform for SaaS companies called Omni Connect.

Fattmerchant, product launch, payments platform, SaaS, Omni Connect, US, API, FinCEN, ISVs, chargebacks, ISO, Payfac

QuantaVerse helps FIs facing financial crime investigator scarcity due to COVID-19

News | Digital Identity, Security & Online Fraud | 03 Apr 2020

QuantaVerse has announced offering new adaptations of the QuantaVerse Alert Investigator for financial institutions that may face emergency shortages of financial crime investigators due to the COVID-19 outbreak.

AML, KYC, money laundering, compliance, AI, QuantaVerse, COVID-19, FinCEN, machine learning, QuantaVerse

Singapore crypto exchange registers with FinCEN to expand to US

News | Cryptocurrencies | 30 Mar 2020

Bitget, a Singapore-based crypto derivatives platform, had registered with the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) as a money services business.

Bitget, crypto exchange, Singapore, cryptocurrency, FinCEN, US, derivatives, FX

FinCEN fines Bitcoin trader for violating AML laws

News | Digital Identity, Security & Online Fraud | 22 Apr 2019

The Financial Crimes Enforcement Network (FinCEN) has penalised a “peer-to-peer cryptocurrency exchanger” for breaking anti-money laundering (AML) rules.

Financial Crimes Enforcement Network, FinCEN, AML, Bitcoin, crypto, cryptocurrency, US