We strive to update the Research System as timely a manner as possible, having due regard to quality concerns. We list below the most recent updates. For up-to-the-minute updates on FinCEN actions, see the FinCEN News page.
I. Items/Actions Pending Addition to the Research System
(i) FinCEN Renews and Expands Real Estate Geographic Targeting Orders (4-21-23)
(ii) $1.5 Million Civil Money Penalty against Kingdom Trust Company for BSA Violations (4-26-23)
(iii) Statement of FinCEN Acting Director before House Committee on Financial Services (4-27-23)
(iv) FinCEN Updates: FinCEN and Dept. of Commerce’s BIS Urge Continued Vigilance for Potential Russian Export Control Evasion Attempts (5-19-23)
(v) FinCEN and South African Financial Intelligence Center Host First Meeting of Task Force on Combatting the Financing of Wildlife Trafficking and Terrorist Finance Dialogues (6-13-23)
(vi) FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ Compensation Fraud in the Construction Sector (8-15-23)
(vii) FinCEN Updates: FinCEN Hosts Public-Private Dialogue on Countering the DPRK's Illicit Cyber Activities (8-31-23)
(ix) FinCEN Issues Alert on Prevalent Virtual Currency Investment Scam Commonly Known as “Pig Butchering" (9-8-23)
(x) FinCEN Provides FBAR Relief to Victims of Recent Natural Disasters (9-8-23)
(xi) FinCEN Analysis Reveals Trends and Patterns in Suspicious Activity Potentially Tied to Evasion of Russia-Related Export Controls (9-8-23)
(x) FinCEN Announces $15 Million Civil Money Penalty against Bancrédito International Bank and Trust Corporation for BSA Violations (9-15-23)
(xi) FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership Information (9-18-23)
(xii) FinCEN Updates: FinCEN Announces $15 Million Civil Money Penalty Against Shinhan Bank America for Violations of the Bank Secrecy Act (9-29-23)
(xiii) FinCEN Updates: FinCEN Updates: FinCEN Issues Additional Guidance Materials on Beneficial Ownership Information Reporting Requirements (9-29-23)
(xiv) FinCEN Updates: Prepared Remarks of FinCEN Director Andrea Gacki During ACAMS: The Assembly (10-3-23)
(xv) FinCEN Updates: FinCEN Provides FBAR Relief to Filers Affected by the Terroristic Action in the State of Israel (10-16-23)
(xvi) FinCEN Updates: FinCEN Updates: READOUT: FinCEN Holds Meeting with Israel’s Financial Intelligence Unit (10-18-23)
(xvii) FinCEN Issues Alert to Financial Institutions to Counter Financing to Hamas and Its Terrorist Activities (10-20-23)
(xviii) FinCEN Renews and Expands Real Estate Geographic Targeting Orders Inbox (10-20-23)
(xix) FinCEN Updates: FATF Identifies Jurisdictions with AML/CFT/CPF Deficiencies (11-3-23)
(xx) FinCEN and the Bureau of Industry and Security (BIS) Issue Joint Notice and New Key Term for Reporting Evasion of U.S. Export Controls Globally (11-6-23)
(xxi) FinCEN Finalizes Rule for Use of FinCEN Identifiers in Beneficial Ownership Information Reporting (11-7-23)
(xxi) Readout of FinCEN's Participation in Harvard Kennedy School Event on Role of Cryptocurrency in Financing Terrorism (11-14-23)
(xxii) FinCEN Issues Updated Beneficial Ownership Information FAQs (11-22-23)
(xxiii) FinCEN Exchange Brings Together Public and Private Sectors to Discuss Attempts by Russia to Evade Export Controls (11-21-23)
(xxvi) FinCEN Announces Largest Settlement in U.S. Treasury Department History with Virtual Asset Exchange Binance for Violations of U.S. Anti-Money Laundering Laws (11-22-23)
(xxvii) FinCEN Alerts Financial Institutions to COVID-19 Employee Retention Credit Fraud (11-22-23)
(xxviii) FinCEN Extends Deadline for Companies Created or Registered in 2024 to File Beneficial Ownership Information Reports (11-28-23)
(xxix) FinCEN Joins Twelve Other FIUs in Issuing Public Statement on Formation of Counter Terrorist Financing Taskforce – Israel (CTFTI) (11-29-23)
(xxx) FinCEN Updates: FinCEN Updates Beneficial Ownership Information Guidance Materials (12-1-23)
(xxxi) FinCEN Updates Frequently Asked Questions on Beneficial Ownership Information (12-12-23)
(xxxii) FinCEN Updates Paycheck Protection Program Frequently Asked Questions (1-12-24)
(xxxiii) FinCEN Updates Frequently Asked Questions on Beneficial Ownership Information (1-12-24)
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II. Latest Updates to the Research System
March 30, 2023 - Added FinCEN Analysis of Business Email Compromise in the Real Estate Sector Reveals Threat Patterns and Trends
March 27, 2023 - Added Beneficial Ownership Reporting – Key questions (March 24, 2023).
March 27, 2023 - Added Beneficial Ownership Information Reporting Frequently Asked Questions.
March 9, 2023 - Added FATF Suspends Membership of the Russian Federation, and Identifies Jurisdictions with AML/CFT/CPF Deficiencies
February 27, 2023 - Added Alert on Nationwide Surge in Mail Theft-Related Check Fraud
January 27, 2023 - Added Prepared Remarks of FinCEN Acting Deputy Director During the ID Policy Forum
January 25, 2023 - Added Alert on Potential U.S. Commercial Real Estate Investments by Sanctioned Russian Elites, Oligarchs, and Their Proxies
January 18, 2023 - Added FinCEN Identifies Virtual Currency Exchange Bitzlato as a Primary Money Laundering Concern in Connection with Russian Illicit Finance
January 13, 2023 - Added Alert on Human Smuggling along the Southwest Border of the United States
December 12, 2022 - Added FinCEN Further Extends FBAR Deadline for Certain Financial Professionals
December 7, 2022 - Added Prepared Remarks of FinCEN Acting Director During ABA/ABA Financial Crimes Enforcement Conference
October 31, 2022 - Added FATF Identifies Jurisdictions with AML/CFT/CPF Deficiencies
October 27, 2022 - Added FAQs on Real Estate Geographic Targeting Orders
October 27, 2022 - Added FinCEN Renews and Expands Real Estate Geographic Targeting Orders
October 12, 2022 - Added Prepared Remarks of FinCEN Acting Director Himamauli Das During the ACAMS AML Conference
October 11, 2022 - Added $29,000,000 Civil Money Penalty against Bittrex.
October 6, 2022 - Added FinCEN Provides FBAR Relief to Victims of Hurricane Fiona in Puerto Rico
September 30, 2022 - Added 32 CFR § 1010.380 - Reports of beneficial ownership information
September 29, 2022 - Added Beneficial Ownership Information Reporting Rule Fact Sheet
September 7, 2022 - Added Prepared Remarks of FinCEN Acting Deputy Director Jimmy Kirby During the 2022 Federal Identity Forum & Exposition (FedID)
July 6, 2022 - Added Joint Statement on the Risk-Based Approach to Assessing Customer Relationships and Conducting Customer Due Diligence
June 28, 2022 - Added Joint Alert on Potential Russian and Belarusian Export Control Evasion Attempts.
June 22, 2022 - Added Statement on Bank Secrecy Act Due Diligence for Independent ATM Owners or Operators.
May 19, 2022 - Added Prepared Remarks of Alessio Evangelista, Associate Director, Enforcement and Compliance Division, During Chainalysis Links Conference
April 28, 2022 - Added Statement of FinCEN Acting Director Himamauli Das before the House Committee on Financial Services
April 14, 2022 - Added Advisory on Kleptocracy and Foreign Public Corruption
April 04, 2022 - Added Prepared Remarks of FinCEN Acting Director Himamauli Das During the FDIC-FinCEN Digital Identity Tech Sprint Demonstration Day
April 01, 2022 - Added $275,000 Civil Money Penalty against A&S World Trading
Match 25, 2022 - Added Prepared Remarks of FinCEN Acting Director Himamauli Das During NYU Law’s Program on Corporate Compliance and Enforcement
March 16, 2022 - Added FinCEN Alert on Real Estate, Luxury Goods, and Other High-Value Assets Involving Russian Elites, Oligarchs, and their Family Members
March 17, 2022 - Added $140 Million Civil Money Penalty against USAA Federal Savings Bank
March 7, 2022 - Added FinCEN Alert re: Increased Vigilance for Potential Russian Sanctions Evasion Attempts
March 3, 2022 - Added Prepared Remarks of FinCEN Deputy Director AnnaLou Tirol, Delivered Virtually at AML Intelligence's Women in FinCrime Event
February 11, 2022 - Added Fact Sheet on the Rapid Response Program (RRP)
January 13, 2022 - Added Prepared Remarks of FinCEN Acting Director Him Das, Delivered Virtually at the American Bankers Association/American Bar Association Financial Crimes Enforcement Conference
December 22, 2021 - Amended 1010.820.
December 16, 2021 - Added In the Matter of CommunityBank of Texas, N.A.
November 18, 2021 - Added FinCEN Calls Attention to Environmental Crimes and Related Financial Activity (2021-NTC4)
November 16, 2021 - Added Updated Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments
October 20, 2021 - Added Exceptive Relief for Casinos from Certain Customer Identity Verification Requirements.
October 5, 2021 - Added FinCEN FBAR Relief Notice.
August 8, 2021 - Added In the Matter of BitMEX - Matter No. Number 2021-02.
September 16, 2021 - Added FIN-2021-NTC3 - FinCEN Calls Attention to Online Child Sexual Exploitation Crimes.