A news release from FinCEN on 10 December reported a speech given by the director-general to the annual American Bankers Association/American Bar Association Financial Crimes Enforcement Conference, in which he discussed how information-sharing is critical to identifying, reporting, and preventing financial crime.  He provided important clarification on FinCEN’s information-sharing program under s.314(b) of the USA PATRIOT Act, and announced that FinCEN is issuing a new factsheet and rescinding previously issued guidance as well as a former administrative ruling (parts of which are incorporated into the guidance in the new Fact Sheet).

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at

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

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