Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: FinCen

NFA Issues Notice Regarding Updated FinCEN AML/CFTC Guidance

Posted in CFTC
On April 10, the National Futures Association (NFA) published Notice I-17-09, which notified member futures commission merchants (FCMs) and introducing brokers (IBs) of an April 5 advisory published by the Financial Crimes Enforcement Network (FinCEN), regarding updates to the Financial Action Task Force’s list of jurisdictions with strategic anti-money laundering and combating the financing of… Continue Reading

NFA Issues Notice Regarding Jurisdictions With AML/CFT Deficiencies

Posted in CFTC
On September 14, the National Futures Association (NFA) published Notice I-16-19, which notified member futures commission merchants (FCMs) and introducing brokers (IBs) of a September 7 advisory published by the Financial Crimes Enforcement Network (FinCEN) regarding updates to the Financial Action Task Force’s list of jurisdictions with strategic anti-money laundering and combating the financing of… Continue Reading

Anti-Money Laundering Program and Suspicious Activity Report Filing for Investment Advisers

Posted in Broker-Dealer
The Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking that would require registered investment advisers to establish anti-money laundering programs and file suspicious activity reports with FinCEN in certain circumstances. FinCEN also is proposing to include investment advisers in the general definition of “financial institution” under the Bank Secrecy Act of 1970… Continue Reading

FinCEN Issues Advisory on FATF-Identified Jurisdictions With AML/CFT Deficiencies

Posted in CFTC
On July 20, the Financial Crimes Enforcement Network (FinCEN) issued an advisory announcing that the Financial Action Task Force (FATF) has updated its list of jurisdictions with anti-money laundering and counter-terrorist financing (AML/CFT) deficiencies. In connection with this update, the National Futures Association (NFA) issued a notice reminding futures commission merchants and introducing brokers to… Continue Reading

Department of Justice Settles Virtual Currency Enforcement Action

Posted in Digital Assets and Virtual Currencies, Litigation
The US Attorney’s Office in the Northern District of California recently settled an enforcement action against Ripple Labs Inc., a Delaware corporation providing virtual currency exchange services. According to the settlement agreement, Ripple Labs was not registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business (MSB) pursuant to the Bank Secrecy… Continue Reading

FinCEN Updates List of Jurisdictions with AML/CFT Deficiencies

Posted in CFTC
On March 16, the Financial Crimes Enforcement Network (FinCEN) issued an advisory announcing that the Financial Action Task Force (FATF) has updated its list of jurisdictions that have strategic deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CFT) regimes.  Specifically, FATF has noted that: (1) Indonesia has been removed from FAFT’s list that calls… Continue Reading