TL;DR FinCEN has withdrawn two proposed digital-asset rules covering unhosted-wallet transactions and convertible virtual ...

Fincen also formally dropped a 2020 proposal on rules for self-custodied crypto wallets, citing the Trump administration's ...

FinCEN is withdrawing a broad crypto-mixing reporting proposal. Its privacy scope reached beyond dedicated mixers, while ...

On April 7, FinCEN announced a proposed rule that it described as a “fundamental reform” of AML/CFT program requirements applicable to banks and other financial institutions. The proposal was ...

On April 7, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) that would significantly revise Bank Secrecy Act (BSA) ...

Laurel Loomis Rimon examines the new rules recently issued by the Financial Crimes Enforcement Network aimed at countering money laundering and the financing of terrorism, which were made public on ...

FinCEN has proposed reforming AML/CFT programs to reduce compliance burdens and focus on effectiveness rather than paperwork. The rule would give institutions more flexibility in risk-based design and ...

Fincen just proposed the most significant reform to AML compliance in a generation, but its reporting forms are still broken, writes Jane Bell, of SAS. Of the approximately 167 million currency ...

The Treasury Department's Financial Crimes Enforcement Network on Monday assessed a $125 million civil money penalty against UBS Financial Services — the largest Bank Secrecy Act fine ever imposed on ...

A rule overhaul proposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is designed to reduce compliance burden and would free up banks from tracking all but the most ...