How the proposed FinCEN and OFAC rule applies AML/CFT and sanctions requirements to permitted payment stablecoin issuers. FinCEN and OFAC have proposed a joint rule to implement the GENIUS Act’s ...

The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department building on April 24, 2025, in Washington, D.C. (Photo by J. David Ake/Getty ...

The Anti-Money Laundering Act of 2020 (AMLA) is the most significant anti-money laundering (AML) legislation since the USA PATRIOT Act was enacted twenty years ago. It contains important provisions ...

The Bank Secrecy Act (BSA) is one of several federal statutes that establish prohibitions and requirements related to anti-money laundering (AML) enforcement. It is also one of several federal ...

The Bank Secrecy Act (BSA) program requirements are going to change. On June 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) to strengthen ...

The GENIUS Act makes stablecoin issuers financial institutions under the Bank Secrecy Act. The compliance costs will consolidate the market. Here is who survives and why.

Laurel Loomis Rimon examines the new rules recently issued by the Financial Crimes Enforcement Network aimed at countering money laundering and the financing of terrorism, which were made public on ...

More than five years ago, Congress passed a comprehensive anti-money-laundering and countering the financing of terrorism, or AML/CFT, reform law. The future looked bright, heralding the prospect of ...

Former Austrac chief executive Paul Jevtovic has been appointed Tabcorp’s chief financial crime boss and will lead the ...