FinCEN STATEMENT ON ENFORCEMENT OF THE BANK SECRECY ACT

A news release from FinCEN on 18 August advised that, as the primary regulator and administrator of the Bank Secrecy Act (BSA), FinCEN has issued a statement that sets forth its approach to enforcing the rules and regulations within the BSA. The purpose of this statement to determine the appropriate enforcement response when it identifies actual or possible violations of the BSA.

https://www.fincen.gov/news/news-releases/fincen-statement-enforcement-bank-secrecy-act

The statement is at –

https://www.fincen.gov/sites/default/files/shared/FinCEN%20Enforcement%20Statement_FINAL%20508.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s