Tag : fintech compliance

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

Fintech Staff Writer
by Fintech Staff Writer0438
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......
Sedric Raises $US 3.5 Million to Increase Consumer Protections for Next-Gen FinTechs
Fintech News

Sedric Raises $US 3.5 Million to Increase Consumer Protections for Next-Gen FinTechs

Fintech News Desk
by Fintech News Desk0289
Round led by StageOne Ventures; Founders from Chorus.AI, Forter, and Former BlackRock Executive among investors Sedric, an AI-based compliance excellence platform for next-gen fintechs, today announced that it has raised US$ 3.5 million in seed funding to increase consumer protection and transform fintech compliance. Led by StageOne Ventures, Sedric will use the......
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