by James | Feb 8, 2025 | Regulatory, Sanctions, Terrorist Financing
U.S. President Donald J. Trump has issued an executive order (E.O. 14157) on January 20, 2025 to classify certain international criminal cartels and transnational organizations as Foreign Terrorist Organizations (FTOs) or Specially Designated Global Terrorists (SDGTs)...
by James | Nov 12, 2024 | Money Laundering, Payments, Regulatory, Terrorist Financing
The Financial Crimes Enforcement Network (FinCEN) has issued an alert (FIN-2024-Alert003) to help financial institutions detect and report financing activities linked to the Iran-backed Lebanese militia and designated Foreign Terrorist Organization (FTO), Hizballah....
by James | Sep 13, 2024 | Banking, Regulatory, Sanctions, Technical Compliance
The Office of the Comptroller of the Currency (OCC) has published an AML sanctions consent order for Wells Fargo, highlighting substantial compliance challenges that remain. The comprehensive 28-page order outlines several critical areas requiring attention, including...
by James | Sep 9, 2024 | Fraud, Regulatory
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released a comprehensive Financial Trend Analysis (FTA) on check fraud connected to mail theft, based on Bank Secrecy Act (BSA) data filed in the six months following FinCEN’s 2023...
by James | Aug 28, 2024 | Investment Advisors, Money Laundering, Regulatory
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has issued a final rule requiring certain investment advisers, including Registered Investment Advisers (RIAs) and Exempt Reporting Advisers (ERAs), to implement...
