FinCEN

Three Takeaways from FinCEN’s Statement on Enforcement of BSA/AML Requirements

By Nikhil Gore on August 19, 2020

Posted in Financial, FinCEN, Regulatory

As we noted in a client alert late last week, the federal banking agencies released on August 13, 2020, a joint statement on enforcement of Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) requirements.  At the time, the Federal Deposit Insurance Corporation made reference to a possible separate “Statement on Enforcement of the

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FinCEN Issues COVID-19-Related Guidance on SAR Filings, Heightened Risk of Disaster Fraud

By Covington Team on March 17, 2020

Posted in COVID-19, FinCEN, Health Issues

The Financial Crimes Enforcement Network (FinCEN) issued guidance today, which:

• requested financial institutions affected by the COVID-19 pandemic to contact FinCEN’s Regulatory Support Section and their functional regulator as soon as practicable if they have concerns about potential COVID-19-related delays to their ability to timely file Bank Secrecy Act (BSA)

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