Money Laundering

• Money laundering

• Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Residential Mortgage Lenders and Originators

FinCEN, a bureau of the Department of the Treasury (``Treasury''), is issuing this Final Rule defining non-bank residential mortgage lenders and originators as loan or finance companies for the purpose of requiring them to establish anti-money laundering programs and report suspicious activities under the Bank Secrecy Act.

• Federal Register Nbr. 77 FR 8148, February 14, 2012
• Rules and Regulations
• Treasury Department

• Anti-Money Laundering Program and Suspicious Activity Reporting Requirements for Housing Government Sponsored Enterprises

FinCEN, a bureau of the Department of the Treasury (``Treasury''), is issuing proposed rules defining certain housing government sponsored enterprises as financial institutions for the purpose of requiring them to establish anti-money laundering programs and report suspicious activities pursuant to the Bank Secrecy Act. The proposal to require these organizations to establish anti-money laundering programs and report suspicious activities is intended to help prevent fraud and other financial crimes.

• Federal Register Nbr. 76 FR 69204, November 08, 2011
• Proposed rules
• Treasury Department

• False tax returns, mail fraud, and money laundering.

Tax return preparers take note: The Third Circuit Court of Appeals (1) may have opened the door to a new approach that could result in significantly i...

• The Tax Adviser
• Vol. 42 Nbr. 2, February 2011

• Finding That the Islamic Republic of Iran Is a Jurisdiction of Primary Money Laundering Concern

Pursuant to the authority contained in 31 U.S.C. 5318A, the Secretary of the Treasury, through his delegate, the Director of FinCEN, finds that reasonable grounds exist for concluding that the Islamic Republic of Iran is a jurisdiction of primary money laundering concern.

• Federal Register Nbr. 76 FR 72756, November 25, 2011
• Notices
• Treasury Department

• Using Geographic Information Systems to Audit Efforts to Combat Money Laundering and Terrorism Financing

In June 2008, the Netherlands Court of Audit (NCA) published a report on its audit of the Dutch government's efforts to combat money laundering and terrorist financing. During its audit, the NCA used a geographical information system (GIS) to analyze and present its findings. In this article, the authors describe some features of a GIS, give an overview of how a GIS was used in the recent NCA audit, and introduce the NCA's new knowledge center on the use of GIS in auditing. With available information on risks, a GIS and remote sensing data (GIS/RS) can assist auditors in designing the audit by helping to decide on its focus and scope. With a GIS/RS, audit findings and other data can be mapped and made visible, supporting the main conclusions and recommendations of an audit and also faci...

• International Journal of Government Auditing
• Vol. 35 Nbr. 3, July 2008

• Open Solutions Inc. Partners with Verafin to Provide Converged Fraud Detection and Anti-Money Laundering Software to its Core Banking Customers.

ST. JOHN'S, Newfoundland -- Verafin Inc., a leading provider of compliance, anti-money laundering (AML) and fraud detection software, today announced ...

• Business Wire
• November 03, 2011

• Money laundering.

I. INTRODUCTION II. OVERVIEW OF Tim STATUE A. Section 1956 1. Transaction Money Laundering 2. Transportation Money Laundering 3. Sting Operations B. S...

• American Criminal Law Review
• Vol. 47 Nbr. 2, March 2010

• Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against the Islamic Republic of Iran as a Jurisdiction of Primary Money Laundering Concern

In a notice of finding published elsewhere in this issue of the Federal Register, the Secretary of the Treasury, through his delegate, the Director of FinCEN, found that reasonable grounds exist for concluding that the Islamic Republic of Iran (``Iran'') is a jurisdiction of primary money laundering concern pursuant to 31 U.S.C. 5318A. FinCEN is issuing this notice of proposed rulemaking to impose a special measure against Iran.

• Federal Register Nbr. 76 FR 72878, November 28, 2011
• Proposed rules
• Treasury Department

• Money Laundering and Us

In approximately 300 pages, Money Laundering Control in the Caribbean, takes the reader through the main issues that have arisen in this area of the law, primarily (but not exclusively) with reference to the jurisdictions of the Bahamas, the Cayman Islands and Jamaica. Among the issues explored by Dr. [Shazeeda Ali], then, are the nature of money laundering, the putative relationships between some offshore financial havens and money laundering, and the evolution of money laundering control. But, true to her leg al calling, Dr. Ali also explores issues such as confiscation and forfeiture of assets, criminal and civil liability for laundering, and other legal devices designed to control money laundering. So, with reference to the second - public policy book - there is a substantial disc...

• Weekly Gleaner, The; North American ed.
• July 29, 2009

• Proposed Renewal; Comment Request; Anti-Money Laundering Programs for Various Financial Institutions

As part of our continuing effort to reduce paperwork and respondent burden, we invite comment on a proposed renewal, without change, to information collections found in existing regulations requiring money services businesses, mutual funds, operators of credit card systems, dealers in precious metals, stones, or jewels, and certain insurance companies to develop and implement written anti-money laundering programs reasonably designed to prevent those financial institutions from being used to facilitate money laundering and the financing of terrorist activities. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995, Pub. L. 104-13, 44 U.S.C. 3506(c)(2)(A).

• Federal Register Nbr. 77 FR 16319, March 20, 2012
• Notices
• Treasury Department