FCC Friday Summaries

FCC Friday #1: 

FINCEN FILE LEAK

The FinCEN Files consist of more than 2,600 files, of which more than 2,100 are SARs,that banks sent to the US authorities between 2000 and 2017.

FCC Friday #2: 

6AMLD -1

The 6th Anti-Money Laundering Directive (6AMLD) is the European Union’s latest set of regulations to crack down on financial crimes.

FCC Friday #3: 

6AMLD -2

EU member states had until 3 December 2020 to transpose 6AMLD into national law, and the regulated entities are needed to implement relevant regulations by 3 June 2021.

FCC Friday #4: 

AMLA (2020)

Significantly expands the duties, powers, and functions of FinCEN; Aligns the regulatory agencies’ supervision and examination priorities with the expanded purposes of the BSA

FCC Friday #5: 

2020 – THE YEAR OF FRAUD

The year 2020 was the best of times for a fraudster. The fraudsters are rejoicing at the rapid shift to digital banking and commerce, and consumers are getting swindled by purchase, impersonation, money mule schemes, and account takeover (ATO) scams.