The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC) agreed Thursday to exchange information about securities broker-dealers and investment companies' compliance with the Bank Secrecy Act (BSA). Under the signed memorandum of understanding (MOU), the SEC agreed to provide FinCEN with detailed information each quarter about its compliance examinations and enforcement activities and the actions of securities self-regulatory organizations. For its part, FinCEN, which administers and enforces BSA regulations, agreed to assist the SEC and provide it with analytical reports. The agencies said the data-sharing accord will help them better identify and deter...
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