Compliance Communications Blog

 

"700 Miami Businesses Under Added FinCen Orders"

 

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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"FinCEN's Advisory Aims at Culture"


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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A 'Culture of Compliance' According to FinCEN


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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