Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Timeshare fraud targeting U.S. owners in Mexico and orchestrated by transnational criminal organizations (TCOs) based in that country has caught the eye of the Treasury’s financial crimes unit and other law enforcement agencies, they said […]
Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]
Transactions by foreign persons for real estate near more than 50 additional military installations in 30 states would be subject to scrutiny by the federal body that oversees foreign investment in the United States, according […]
Financial institutions would be “explicitly” required to adopt anti-money laundering and countering the financing of terrorism (AML/CFT) programs that are effective, risk-based, and reasonably designed under rules proposed Friday by the Treasury’s financial crimes arm. […]
More than 15% of active FBI investigations in fiscal year (FY) 2023 were linked to anti-money laundering tools such as currency transaction reports (CTRs) and suspicious activity reports (SARs), the Treasury Department’s financial crimes enforcement […]
Risks of artificial intelligence is a subject the federal regulator wants its credit unions to weigh in on, according to a release issued by the agency Friday. The National Credit Union Administration (NCUA) “encouraged” credit […]
Revisions to all three versions of bank call reports were finalized and published Wednesday by the three federal banking agencies, affecting reporting of credit losses, troubled debt restructuring, internet website addresses, and past-due loans, the […]
Key vulnerabilities that may impair nonbank mortgage servicers’ ability to carry out critical functions, and could amplify shocks to the mortgage market leading borrowers to miss payments and cause losses to secondary market giants, are […]
The panel of state regulators that advises the umbrella group for federal financial institution regulators has named its chairman for the next year and added a new member, the panel said Thursday. The State Liaison […]
Fraud schemes related to the use of counterfeit U.S. passport cards has prompted a notice to financial institutions from the Treasury’s financial crimes enforcement unit, the agency said in a notice issued Monday. According to […]
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