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The Financial Crimes Enforcement Network ("FinCEN") encouraged FinTech and RegTech companies and financial institutions to present their innovative products and services.

FinCEN has proposed a rule that would fundamentally reform anti-money laundering and countering the financing of terrorism program requirements for financial institutions under the Bank Secrecy Act. The proposal emphasizes risk-based resource allocation, requires documented risk-assessment processes, and expands FinCEN's role in bank supervision.

In a new report, FINRA examined the emergence and adoption of technology-based innovations for regulatory compliance ("RegTech") by broker-dealers.

On March 20, FINRA accepted a Letter of Acceptance, Waiver, and Consent (AWC) with an online brokerage firm, censuring and fining the firm $450,000 for alleged deficiencies in its anti-money laundering program, customer identification program, and identity-theft prevention program.

As I reported in a June 2, 2015 client alert, on May 28, 2015, Dennis Hastert, former Speaker of the U.S. House of Representatives, was indicted by a federal grand jury in the Northern District of Illinois.

On July 22, 2010, President Obama signed into law the Improper Payments Elimination and Recovery Act of 2010 (the "Act"). The Act significantly modifies and expands the Improper Payments Information Act of 2002 by placing a greater obligation on the federal government to reduce the amount of improper payments made every year.

In 2009 and 2012, MoneyGram settled separate actions against it by the FTC and DOJ, respectively.

The Attorney General stated that her Office collected over $994 million in recovery and restitution.

The National Futures Association proposed amending its anti-money laundering ("AML") program requirements for futures commission merchants ("FCMs") and introducing brokers ("IBs") ...

The National Futures Association ("NFA") reminded members that failure to comply with anti-money laundering ("AML") obligations may lead to disciplinary action.

United States Senate Banking Committee members Mark Warner (D-VA), Tom Cotton (R-AR), Doug Jones (D-AL) and Mike Rounds (R-SD

As we have blogged, the Anti-Money Laundering Act of 2020 ("AMLA") amended the Bank Secrecy Act ("BSA") to expand greatly the options for whistleblowers alleging anti-money laundering ("AML")...

In a study published pursuant to the Anti-Money Laundering Act of 2020, Treasury (i) examined aspects of the high-value art market that could present money laundering risks

Bass, Berry & Sims attorneys Thad McBride and Jamie Parkinson co-authored an article for National Law Review highlighting recent proposed rulemaking from a busy Financial Crimes Enforcement Network (FinCEN).

On December 10, 2020, the U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") issued a Fact Sheet clarifying the circumstances...

Just weeks after taking effect, FinCEN’s Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule (“Rule”...

On March 19, 2026, the US District Court for the Eastern District of Texas in Flowers Title Companies LLC v. Bessent ruled that the U.S. Financial Crimes Enforcement Network (“FinCEN”) exceeded its statutory authority under the Bank Secrecy Act by adopting the “Anti-Money Laundering Regulations for Residential Real Estate Transfers” (the “Rule”), and vacated the Rule effective immediately.

Two Romanian cybercriminals were convicted in Ohio on 21 felony counts related to the infecting of 40,000 computers with malware to steal credit card and other information to sell on the dark web.