FinCEN
FinCEN is the U.S. Treasury bureau that administers the Bank Secrecy Act and collects and analyses financial intelligence.
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North America
FinCEN Finalizes Broad Beneficial Ownership Reporting Exemption for U.S. Companies
The U.S. Financial Crimes Enforcement Network (FinCEN) has finalized a rule permanently removing beneficial ownership information (BOI) reporting requirements for U.S. companies and U.S. persons…
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Compliance Practice
FinCEN Imposes Record $125 Million BSA Penalty on UBS Financial Services
FinCEN has imposed a $125 million civil money penalty on UBS Financial Services Inc. for willful violations of the Bank Secrecy Act. The penalty is…
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Financial Crime
FinCEN Flags Fuel Smuggling and Tax Evasion as Major Cartel Money-Laundering Channels
FinCEN has warned U.S. financial institutions about fuel-smuggling and tax-evasion schemes used by Mexico-based criminal organisations to generate revenue and move funds through the U.S.…
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Financial Crime
FinCEN Proposes to Cut H-Pay and Other Huione Successor Entities Off from the U.S. Financial System
The U.S. Financial Crimes Enforcement Network has proposed expanding its existing restrictions on Cambodia-based Huione Group to cover H-Pay Service PLC and any future entity…
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Financial Crime
FinCEN Issues Red Flags on IRGC Oil-Sale Networks, Front Companies and Digital Assets
FinCEN has issued a new alert describing how Iran’s Islamic Revolutionary Guard Corps uses oil sales, front companies, financial facilitators and digital assets to evade…
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Enforcement & Cases
FinCEN’s Rapid Response Program Interdicts More Than $1.8 Billion in Cyber-Fraud Proceeds
FinCEN’s Rapid Response Program has helped stop more than $1.8 billion in cyber-enabled fraud proceeds from being transferred beyond recovery. Since the program began in…
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Compliance Practice
FinCEN Proposes Risk-Based Overhaul of U.S. AML/CFT Program Rules
Date: 7 April 2026Category: Regulation / ComplianceRegion: United States FinCEN has proposed a major revision of the rules governing anti-money laundering and countering the financing…
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Compliance Practice
FinCEN Imposes Record $80 Million BSA Penalty on Canaccord Genuity
Date: 6 March 2026Category: Enforcement / ComplianceRegion: United States The U.S. Financial Crimes Enforcement Network has imposed an $80 million civil money penalty on Canaccord…
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