Timeshare Fraud in Mexico: U.S. Treasury takes coordinated actions
U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Mexican accountants and four Mexican companies linked…
Terrorist Financing: U.S. FinCEN finalizes sanction against Iraq-based Al-Huda Bank
As described in the investigation, Al-Huda Bank has for years exploited its access to U.S. dollars to support designated foreign…
U.S. FinCEN Issues Advisory on Iran-Backed Terrorist Organizations
In light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network…
Elder Financial Exploitation: U.S. FinCEN Issues Analysis
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis today. Financial Institutions report $27bn in…
U.S. FinCEN on counterfeit U.S. passport cards for identity theft and fraud at financial institutions
The Notice provides an overview of typologies associated with U.S. passport card fraud, highlights select red flags to assist financial…
Russian Illicit Finance: FinCEN puts currency exchange Bitzlato under scrutiny
FinCEN Identifies Virtual Currency Exchange Bitzlato as a Primary Money Laundering Concern in Connection with...
U.S. FinCEN Issues Advisory on Elder Financial Exploitation
15 June 2022 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is issuing an advisory to alert financial institutions...
U.S. FinCEN issues alert on potential Russian sanctions evasion efforts
Washington, March 7, 2022 The Financial Crimes Enforcement Network (FinCEN) today issued a FinCEN Alert,...
U.S. FinCEN proposes rule for beneficial ownership reporting to counter illicit finance
December 07, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued a Notice of Proposed Rulemaking...