Bank Secrecy Act
The U.S. Bank Secrecy Act requires financial institutions to maintain AML programs, records and suspicious activity reporting.
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Compliance Practice
SEC Fines Haywood Securities USA $750,000 for AML and SAR Failures
The U.S. Securities and Exchange Commission has censured Haywood Securities (USA) Inc. and imposed a $750,000 civil penalty over failures in its anti-money laundering controls…
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Banking
US Agencies Clarify Banks Can Discuss Suspicious Transactions Without Revealing SAR Filings
FinCEN, the Federal Reserve, FDIC, NCUA and Office of the Comptroller of the Currency on September 2, 2026 issued a joint statement clarifying how banks…
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North America
FinCEN Analysis Flags Nearly $5 Billion in Suspected Human Smuggling-Related Activity
The U.S. Financial Crimes Enforcement Network has published a new Financial Trend Analysis examining Bank Secrecy Act data linked to suspected human smuggling between 2023…
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Banking
US Senator Seeks Bank Probes Over Epstein-Linked Accounts
Senator Ron Wyden has called for regulators to examine whether major banks reported suspicious transactions linked to Jeffrey Epstein in a timely manner.
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