Tag: FinCEN

Financial Crimes Efforts Get Funding Boost as Part of Ukraine Aid Package – WSJ

If the bill is signed by President Biden, nearly $30 million of those funds would go to the Treasury’s Financial Crimes Enforcement Network, Sen. Sheldon Whitehouse (D., R.I.) said in a statement on Thursday. FinCEN, a bureau of the Treasury, is tasked with collecting financial intelligence and enforcing laws that protect the U.S. financial system from illicit activity. Its budget…

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FinCEN Announces New Acting Director | FinCEN.gov

Financial Crimes Enforcement Network (FinCEN) Acting Director Michael Mosier today announced he will depart FinCEN at the end of the week for a new opportunity, after serving as the organization’s acting director. Himamauli “Him” Das, a national security expert with experience at the White House, National Security Council, National Economic Council, and Departments of State and the Treasury, will assume…

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Michele Korver FinCEN Chief Digital Currency Advisor – Bitcoin Magazine

The U.S. Financial Crimes Enforcement Network (FinCEN) announced today that Michele Korver, previously in the U.S. Department of Justice’s (DOJ’s) Digital Currency Council, will serve as FinCEN’s first Chief Digital Currency Advisor. “Ms. Korver will advance FinCEN’s leadership role in the digital currency space by working across internal and external partners toward strategic and innovative solutions to prevent and mitigate…

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Corruption, Cybercrime Top List of U.S. Anti-Money-Laundering Concerns – WSJ

The U.S. Treasury Department on Wednesday issued a wide-ranging set of national anti-money-laundering priorities, naming corruption and cybercrime among the areas where financial institutions should focus their compliance resources. The list is the first created by the Treasury’s Financial Crimes Enforcement Network, or FinCEN, following a major overhaul of U.S. anti-money-laundering laws in January. Legislation passed by Congress required FinCEN…

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Attention All Cryptocurrency Exchanges: Beware the Ides of March | LinkedIn

Notice to all cryptocurrency exchanges: Be prepared for a relentless U.S. regulatory onslaught. That seems to be the clear warning embodied in three actions taken last week by the U.S. Securities and Exchange Commission (SEC); the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury; and the U.S. Commodity Futures Trading Commission (CFTC). via Attention All Cryptocurrency…

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