Tag : FinCEN

Fintech Guest Posts Security

Strengthening the Financial Sector Through Authentication and Regulation

Frederik Mennes
by Frederik Mennes0
At the beginning of 2024, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published a report quantifying the impact of weak identity solutions on our financial system. This is the first time a federal agency has made an effort to quantify the impact of compromised credentials on the US......
Haru Invest Acquires Money Service Business License from US FinCEN
Digital Asset Management News

Haru Invest Acquires Money Service Business License from US FinCEN

Fintech News Desk
by Fintech News Desk0
Haru Invest, a leading digital asset management platform, announced that Haruus LLC, its U.S. incorporated subsidiary, has acquired a Money Service Business (MSB) license, a financial service license supervised and granted by the U.S. Financial Crimes Enforcement Network (U.S. FinCEN) mandatory for any digital asset-related service providers to conduct their businesses in compliance......
Bitcoin of America is Taking Local Businesses to the Next Level
Cryptocurrency News

Bitcoin of America is Taking Local Businesses to the Next Level

Fintech News Desk
by Fintech News Desk0
Bitcoin of America, a popular digital currency exchange, is taking local businesses to the next level. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). The popular operator has continued to expand their footprint across the USA.......
FinCEN Indicts USAA Federal Savings Bank for Violating the Bank Secrecy Act
Banking Compliance management Digital Payments Featured News

FinCEN Indicts USAA Federal Savings Bank for Violating the Bank Secrecy Act

Fintech Staff Writer
by Fintech Staff Writer0
The Financial Crimes Enforcement Network (FinCEN) has announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. As its customer base and revenue grew in recent years, USAA FSB......
Fintech Events: FinCEN Takes Massive Step to Enhance Financial Services Inclusion for Fintech and Regtech Companies
Digital Asset Management Featured Finance

Fintech Events: FinCEN Takes Massive Step to Enhance Financial Services Inclusion for Fintech and Regtech Companies

Sudipto Ghosh
by Sudipto Ghosh0
On October 14, The Financial Crimes Enforcement Network (FinCEN) will host an interactive virtual event on advanced Digital Identity services and technologies. These technologies are largely used in the Fintech and Regtech domains, helping companies to sync in their efforts against Anti-money laundering (AML) activities, and reporting illicit financial crimes......
Financial Institutions Say Governments Must Take More Active Role in AML Efforts to Improve Effectiveness: ACAMS Survey
Banking News Risk Management

Financial Institutions Say Governments Must Take More Active Role in AML Efforts to Improve Effectiveness: ACAMS Survey

Fintech News Desk
by Fintech News Desk0
Financial institutions welcome plans to regulate firms for anti-money laundering (AML) efficacy but say more input is needed from governmental officials to ensure that their compliance efforts are effective, according to a new global survey of financial crime experts commissioned by ACAMS. The survey, which was launched in partnership with......
Square's Dorsey Hits Out at FinCen Crypto Rulemaking Proposal
Blockchain Cryptocurrency Fintech News

Square’s Dorsey Hits Out at FinCen Crypto Rulemaking Proposal

Fintech News Desk
by Fintech News Desk0
Square, is a financial services company that was founded in 2009 to expand economic access for individuals and businesses underserved by the existing financial system. Since that time, we have provided tools to millions of entrepreneurs and individuals that have helped them run their small businesses, manage their finances, and......
VITAL4 to Assist Banks With AML/KYC Compliance by Offering Free Subscriptions to VITAL4SEARCH Amid COVID-19 Crisis
Banking Fintech News

VITAL4 to Assist Banks With AML/KYC Compliance by Offering Free Subscriptions to VITAL4SEARCH Amid COVID-19 Crisis

Fintech News Desk
by Fintech News Desk0
VITAL4, a woman-owned SaaS data technology company based in Atlanta, Georgia, is giving away free subscriptions of their software to small community banks and credit unions nationwide that are approved to process Payment Protection Program (PPP) and Economic Injury Disaster Loans (EDIL). VITAL4 realizes that banks are struggling to keep up with the......
Abrigo Advisory Services Safeguards Against Missed Deadlines With Suspicious Activity Monitoring Services
Fintech News

Abrigo Advisory Services Safeguards Against Missed Deadlines With Suspicious Activity Monitoring Services

Fintech News Desk
by Fintech News Desk0
During this uncertain time of pandemic and economic downturn, many financial institutions are struggling to keep all aspects of their operations strong. Many BSA/AML and compliance professionals are tasked with instituting business continuity plans while receiving no relief from their normal regulatory compliance duties and deadlines. Read More: Crypto Gazette Brings......
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