FinCEN Sets Out Anti-Money Laundering Priorities, With Implementing Regulations To Follow | Skadden, Arps, Slate, Meagher & Flom LLP
To embed, copy and paste the code into your website or blog: On June 30, 2021, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first government-wide priorities (Priorities) for combatting money laundering and the financing of terrorism. 1 The Priorities are intended to assist financial institutions subject to the Bank Secrecy Act (BSA) in tailoring their compliance programs and assessing the money laundering and terrorism financing risks posed by their business activities. FinCEN and the agencies with which it consulted — including the U.S. A...
Source: jdsupra.com