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MCUA Comments on FinCEN’s Customer Due Diligence Proposed Rule

Oct
06
MCUA Comments on FinCEN’s Customer Due Diligence Proposed Rule

The Missouri Credit Union Association (MCUA) submitted a comment letter to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Friday, October 3, 2014, highlighting concerns and recommendations from credit unions regarding&nbsp

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FinCEN CDD Proposal Update; Virtual Currencies Guidance

Mar
25
FinCEN CDD Proposal Update; Virtual Currencies Guidance

The U.S. Treasury Financial Crimes Enforcement Network (FinCEN) will likely issue a proposed rule on customer due diligence (CDD) in the “coming weeks,” based on recent comments by senior U.S. Treasury officials.

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FinCEN Summaries of Public Roundtables

Dec
11

The Financial Crimes Enforcement Network (FinCEN) has released summaries of its public roundtable meetings held in Los Angeles, New York City, and Chicago regarding the agency’s advance notice of proposed rulemaking (ANPR) on customer due diligence (CDD) requirements that would apply to financial institutions, including credit unions.

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Bank Secrecy Act "Funds Transfers" Definition Proposed Rule

Dec
03
Bank Secrecy Act "Funds Transfers" Definition Proposed Rule

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board have proposed amendments to the regulatory definitions of “funds transfer” and “transmittal of funds” under the Bank Secrecy Act (BSA) regulations.

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FinCEN Summary of Customer Due Diligence Proposal Hearing

Sep
20

The Financial Crimes Enforcement Network (FinCEN) has released its summary and prepared remarks from its July 2012 public hearing regarding the agency’s advance notice of proposed rulemaking (ANPR) on customer due diligence (CDD) requirements for financial institutions, including credit unions.  Credit Union National Association (CUNA) staff attended the hearing, and the Missouri Credit Union Association (MCUA) submitted a comment letter on May 4, 2012.

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FinCEN Public Hearing on the Customer Due Diligence ANPR

Aug
06

On Tuesday, July 31, the U.S. Treasury Financial Crimes Enforcement Network’s (FinCEN’s) held a public hearing on the customer due diligence (CDD) Advance Notice of Proposed Rulemaking (ANPR) that was issued in March 2012.  The hearing included participants from the U.S.

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CUNA Advocacy Report: May 7

May
07
CUNA Advocacy Report:  May 7

The latest CUNA Regulatory Advocacy Report is now available and covers:

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Important Notice for Paper CTR & SAR Filers

Mar
19
Important Notice for Paper CTR & SAR Filers

Important Notice for Paper CTR & SAR Filers – Mandatory Electronic Filing:

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Bank Secrecy Act and Payments Fraud Update

Dec
06

 

Last week, the Credit Union National Association (CUNA) staff attended the Financial Crimes Enforcement Network (FinCEN)’s Bank Secrecy Act Advisory Group (BSAAG) Banking Subcommittee call to discuss the Financial

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