Tag Archives: FinCEN

Banking agencies and FinCEN encourage innovative efforts by banks to combat money laundering and terrorist financing

On December 3, 2018, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network (“FinCEN”), (collectively, the … Continue reading

Posted in Securities Law | Tagged , , , , , , , , , , , | Leave a comment

More guidance on the new FinCEN “beneficial ownership” rule

In May 2016, the Financial Crimes Enforcement Network (FinCEN), the U.S. agency tasked with issuing anti-money laundering (AML) regulations, issued a final rule requiring that certain categories of financial institutions identify the beneficial owners of their legal entity customers and … Continue reading

Posted in Securities Law | Tagged , , , , | Leave a comment

FinCEN Publishes Frequently Asked Questions Relating to New Customer Due Diligence Rules

On April 3, 2018, the Financial Crimes Enforcement Network (“FinCEN”) published Frequently Asked Questions (“FAQs”) to help “covered financial institutions,” including broker-dealers and dually registered SEC investment advisers, better understand its new Customer Due Diligence Requirements (“CDD Rule”), which will … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , , , | Leave a comment

FinCEN offers additional guidance on the “beneficial ownership rule”

In May 2016, the Financial Crimes Enforcement Network (FinCEN), the U.S. agency tasked with issuing anti-money laundering (AML) regulations, issued a final rule requiring that certain categories of financial institutions identify the beneficial owners of their legal entity customers and … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , | Leave a comment

FinCEN 114 (FBAR) Filing is on Automatic Extension in 2018

FinCEN 114 (FBAR) Filing is on Automatic Extension in 2018 FinCEN 114 (FBAR) Filing is on Automatic Extension in 2018 by Golding & Golding, A PLC Recently we had a client contact us. She was freaking out, because she just … Continue reading

Posted in Tax Law | Tagged , , , , , | Leave a comment