Office of the Comptroller of the Currency

Citibank

April 5, 2012

U.S. regulator accused Citi of lapses

Read the Consent Order

OCC Issues Consent Order Against Citibank for AML Lapses is a post from: Bryant & Associates - Compliance is not an option

Financial Crimes Enforcement Network (FinCEN)

May 22, 2012

The U.S. Department of the Treasury today announced the identification of Belarus-based JSC CredexBank (Credex) as a financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act (Section 311). Treasury took this action because it has reason to believe that Credex has engaged in high volumes of transactions that are indicative of money laundering on behalf of shell corporations, and has a history of ownership by shell corporations whose own lack of transparency contributes to considerable uncertainty surrounding Credex’s true beneficial ownership.

US Treasury Identifies an Institution of Primary Money Laundering Concern under USA Patriot Act Section 311 is a post from: Bryant & Associates - Compliance is not an option

Financial Crimes Enforcement Network (FinCEN)

March 30, 2012

Tax Refund Fraud and Related Identity Theft

FinCEN Issues Advisory on Tax Refund Fraud and Related Identity Theft is a post from: Bryant & Associates - Compliance is not an option

January 20, 2012

Rule will increase transparency and reliability of remittance transfers

Federal Register

Consumer Financial Protection Bureau (CFPB) Adopts Rule to Protect Consumers Sending Money Internationally is a post from: Bryant & Associates - Compliance is not an option

Financial Crimes Enforcement Network (FinCEN)

March 29, 2012

http://www.fincen.gov/whatsnew/html/20120329.html

New SAR and CTR Reports Now Available for E-filing (03/29/12)/Updated E-Filing Specifications Issued for SAR and CTR/New DOEP E-Filing Specifications and Report also available is a post from: Bryant & Associates - Compliance is not an option

March 27, 2012

Compliance Officer Named One of the Best Jobs in 2012

Compliance Officer Named One of the Best Jobs is a post from: Bryant & Associates - Compliance is not an option

March 27, 2012

A Little Hope For Compliance Hiring

Compliance Hiring is on the Rise is a post from: Bryant & Associates - Compliance is not an option

March 26, 2012

The UK’s Financial Services Authority (FSA) Releases Thematic Review of Anti-bribery and Corruption Controls in Investment Banks.

FSA Releases Thematic Review of Anti-bribery and Corruption Controls in Investment Banks is a post from: Bryant & Associates - Compliance is not an option

Financial Crimes Enforcement Network (FinCEN)

May 14, 2012

This report covers total Suspicious Activity Report (SAR) filings by covered industries for 2011. This issue of By The Numbers (BTN), a staple of FinCEN’s analytical reports, features some significant changes that add value for FinCEN’s audience. Readers will see new pie charts, bar charts, and line graphs. As FinCEN transitions to a new integrated forms environment with improved technology it will continue to develop new, more informative models to illustrate the data. In this edition of BTN, readers will see new interactive tables with geographic summaries at the county level to enhance State graphical displays, or “ heat maps.” Similarly, FinCEN is providing metropolitan statistical area (MSA) summary tables of SAR data as well as spreadsheets illustrating filing rates and percentage changes for 2010 and 2011 in the “Characterizations of SARs” by State and Territories charts. Readers can access the data through hyperlinks embedded in the report.

FinCEN Issues the SAR Activity Review By the Numbers Issue 17 is a post from: Bryant & Associates - Compliance is not an option

Financial Crimes Enforcement Network (FinCEN)

May 8, 2012

FinCEN has made available a recording and presentation materials from its informational Webinar offered on Tuesday, May 8, 2012. Updated technical specifications for FinCEN’s new Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) as well as the recently released specifications for FinCEN’s new Designation of Exempt Person (DOEP) report were discussed. This Webinar was intended specifically for the information technology (IT) professionals who will be responsible for integrating the technical specifications for these new FinCEN reports into their processes. Both items are available at www.FinCEN.Gov, or at the links below.

Link to recorded Webinar:

http://treas.yorkcast.com/webcast/Viewer/?peid=97066743d5da4235936672d658cddd991d

Link to presentation materials:

http://www.fincen.gov/whatsnew/pdf/20120508.pdf

FinCEN Releases Recording and Presentation Materials From Its Informational Webinar On The Updated CTR, SAR and DOEP Specifications is a post from: Bryant & Associates - Compliance is not an option