Compliance Communications Blog
Apr 29, 2015 • Compliance Wave
4/29/15: The Financial Crimes Enforcement Network (FinCen), part of the US Treasury, has imposed more stringent requirements on some 700 Miami-area electronics exporters located in Miami, Florida. The action was taken, according to FinCen, to “… shed light on cash transactions that may be tied to...
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Oct 15, 2014 • Compliance Wave
10/15/14: The Financial Crimes Enforcement Network (FinCEN) is not amused by recent enforcement actions against financial institutions. According to a post by Michael Volkov on Corruption, Crime & Compliance, FinCEN’s frustration is based on what the agency believes are the “paper compliance programs” used by many financial institutions...
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Aug 01, 2014 • Compliance Wave
8/1/14: A post by Julie DiMauro on the FCPA Blog provides a brief overview of the recent advisory from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) on a “culture of compliance.” Aimed directly at leaders of financial institutions under FinCEN’s jurisdiction, the advisory notes the responsibility of those...
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