The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a notice of proposed rulemaking (Proposed Rule) designed to reform anti-money laundering and countering ...

Notably, the Proposed Rule would not require Covered Advisers to implement a customer identification program (“CIP”), under which banks and broker-dealers are required to collect and document certain ...

The Financial Crimes Enforcement Network (FinCEN) issued a sweeping proposed rule that would significantly overhaul anti-money laundering and countering the financing of terrorism (AML/CFT) program ...

Not only do financial advisors need to “know your customer,” but they had better know where their customer’s money comes from, too. The Treasury Department’s Financial Crimes Enforcement Network, ...

Fraud and anti-money laundering (AML) capabilities have advanced significantly in recent years. Yet in many institutions the two functions still operate on separate data, systems and incentives, ...