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:
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:
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:
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.