Remove Fincen Remove SDN Remove Treasury
article thumbnail

Know Your Customer as Well as They Know You

Trade Credit & Liquidity Management

Knowing Your Customer (KYC) As a Credit or Treasury professional, you must remain aware of the best KYC practices and compliance requirements that apply to your business. The US Financial Crimes Enforcement Network (FinCEN) has strict rules for compliance by financial institutions.

article thumbnail

Alleged Drug Traffickers’ Crypto Addresses Targeted By US Treasury Under Kingpin Act

PYMNTS

Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN).