FinCEN Announces Proposal to Amend Currency Transaction Reporting Exemption Regulations
The Financial Crimes Enforcement Network (FinCEN) is proposing to significantly simplify the current requirements for depository institutions to exempt their eligible customers from currency transaction reporting. FinCEN announced...
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated two entities and four individuals for acting on behalf of the Revolutionary Armed Forces of Colombia or FARC, a narco-terrorist group.
"Today's designation continues our targeted campaign to take down the FARC's financial...
The Treasury Department on Monday issued proposed regulations that implement the Foreign Investment and National Security Act of 2007 (FINSA). The proposed regulations provide an update to regulations issued in 1991 that govern the Committee on Foreign Investment in the United States (CFIUS) and its process for...
The following individuals have been added to OFAC's SDN list:
CALDERON VELANDIA, Nilson (a.k.a. "VILLA"), Colombia; DOB 18 Jul 1974; POB Mogotes, Santander, Colombia; citizen Colombia; nationality Colombia; Cedula No. 91348897 (Colombia); Passport AK040618 (Colombia
Chief Counsel and First Senior Deputy Comptroller Julie L. Williams provided the Office of the Comptroller of the Currency's views on H.R. 5244, the Credit Cardholders' Bill of Rights Act of 2008, today before the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Financial Services.
The statement of Martin J. Gruenberg, Vice Chairman, Federal Deposit Insurance Corporation on the Credit Cardholders' Bill Of Rights: Providing New Protections for Consumers before the Subcommittee on Financial Institutions and Consumer Credit of the Financial Services Committee, U.S. House of Representatives,
Assistant Secretary David G. Nason Testimony before the House Committee on Financial Service Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises
Thank you, Chairman Kanjorski, Ranking Member Pryce, and Members of the Subcommittee for inviting me to appear before you today to discuss the...
The Department of the Treasury's Office of Foreign Assets Control (OFAC) today added nine individuals and fifteen companies to its list of Specially Designated Narcotics Traffickers. These OFAC designations target two long-time associates of Carlos Alberto Renteria Mantilla - Carlos Currea Correa (a.k.a. "Cucu") and...
Senior financial supervisors from five countries (collectively the "Senior Supervisors Group") today issued a report that reviews the disclosure practices of financial services firms concerning their exposures to certain financial instruments that the marketplace now considers to be high-risk.
The FDIC issued a Financial Institution Letter announcing the Financial Crimes Enforcement Network (FinCEN) has issued the ninth edition (January 2008) of The SAR Activity Review By the Numbers.
Highlights:
* FinCEN has issued the ninth edition of The SAR Activity Review by the Numbers. The report is a...
The Financial Crimes Enforcement Network (FinCEN) today released an update to its November 2006 mortgage loan fraud assessment, which is based upon analysis of suspicious activity reports (SARs) provided by the financial industry. The previous study examined a statistical sample of SARs reporting mortgage fraud filed...
Good morning. It is a privilege to be joining you today for this meeting of the American Council of Life Insurers Anti-Money Laundering and Critical Infrastructure Committee. I would like to first thank Governor Frank Keating for his warm introduction and for his leadership not only as president and CEO of ACLI, but...
This new March 2008 List, which is current as of March 13, 2008, contains data on 40,468 registered MSBs. This is an increase of 800 MSB registrations from the February 6, 2007 total of 39,668.
The List reflects information exactly as provided by the filers and comprises Registrants' names, "doing business as"...
On March 11, 2008, the Department of the Treasury's Office of Foreign Assets Control (OFAC) added new individuals and entities to its Specially Designated Nationals and Blocked Persons list. The new individuals are:
MUHAMMAD, Sirajuddin Haqqani Jalaluddin Khwasa and others.
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