News

Midweek Roundup: FinCEN Targets Border Cash, Britain Drops Name and Shame Strategy, and More

The U.S. Financial Crimes Enforcement Network directed money services businesses in 30 zip codes across California and Texas to lower their threshold for filing currency transaction reports from $10,000 to $200, ACAMS moneylaundering.com reported. More The U.K. Financial Conduct Authority ditched plans to publicly identify more companies under investigation for regulatory breaches, the Financial Times reported. More and More U.K. officials announced plans to scrap the U.K. Payment Systems Regulator and reassign the agency's responsibilities to the FCA in a bid to reduce regulatory complexity and boost economic growth, the Financial Times reported. More Legislation in the U.S. Senate would...

TO READ THE FULL STORY
Subscribe Learn More