Title: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern Subject: AML; convertible virtual currency mixing Agency: FinCEN Status: Proposed rule Summary: FinCEN is issuing […]
Identifying funding streams for the terrorist organization Hamas in response to its Oct. 7 attack on Israel is the goal of an alert issued Friday by the Treasury’s financial crimes enforcement unit. According to Treasury […]
The state-chartered, federally insured Metropolitan Commercial Bank (MCB), New York, N.Y., was fined about $14.5 million by the Federal Reserve Board Thursday over findings that it violated Bank Secrecy Act (BSA) customer identification rules and […]
A data collection to gather more information from large banks affected by the capital proposal the federal banking agencies proposed this summer was announced by the Federal Reserve Friday. The data collection, according to the […]
The comment period on the large bank capital proposal by the federal banking regulators is now extended to Jan. 16, the three agencies announced Friday. The previous comment period deadline for the regulatory capital rule […]
A proposal to add a new section to the agency’s rules and regulations that incorporates current policy allowing individuals convicted of certain minor offense to work in the credit union industry without applying for approval […]
A proposal that would conform the agency’s own federal share insurance coverage rules with changes implemented in 2022 by the federal bank deposit insurance agency were issued for comment Thursday by the National Credit Union […]
International Convertible Virtual Currency Mixing (CVC mixing) is identified as a class of transactions of primary money laundering concern under a new rule proposed Thursday by Treasury’s financial crimes enforcement arm. The Financial Crimes Enforcement […]
Consumers would ostensibly have control over data about their financial lives and “would gain new protections against companies misusing their data,” the federal consumer protection agency said Thursday in proposing a new rule. The Consumer […]
The national bank regulator is now noting in its enforcement orders if the misconduct cited specifically involves elderly customers, the Office of the Comptroller of the Currency (OCC) said in a release Thursday. It said […]
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