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FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks

PYMNTS

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. . So far, two vaccinations have been approved by the U.S.

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FinCEN Announces New Digital Innovation Officer/Deputy Director

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement.

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FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program. financial system.”.

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FinCEN Director Talks Digital Identity And Fraud Protection

PYMNTS

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. FinCEN is seeing around 5,000 account takeover reports each month involving approximately $350 million,” he said. Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum and Exposition on Tuesday (Sept. financial institutions,” he said.

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FinCEN Reminds FIs To Beware During COVID-19 Crisis

PYMNTS

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. FinCEN said it expects FIs to continue following a so-called risk-based approach to adhere to the BSA obligations. FinCEN said the former executive at U.S.

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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

It’s also registered with the US Financial Crimes Enforcement Network (FinCEN). In 2024, YouTrip continued its growth trajectory, reporting an 80% YoY increase in spending on its platform, driven by markets in Singapore and Thailand in the travel, e-commerce and insurance categories. It claims more than 20,000 business customers.

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FinCen Director On Why Casino Cooperation Is Central To Fighting Financial Crime 

PYMNTS

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. FinCEN expects that your casino or card club is monitoring your sports betting programs for potentially suspicious activity. The responsibility of casinos managing all of those new transactions.

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