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Weekly Roundup: FinCEN Seeks Budget Increase, Dutch Regulator Praises AML Upgrades, and More

U.S. Treasury Secretary Steven Mnuchin asked federal lawmakers to increase funding for the Financial Crimes Enforcement Network to bolster scrutiny of cryptocurrency firms, ACAMS moneylaundering.com reported. More FinCEN renewed a program mandating title insurance firms to flag real estate transactions of more than $300,000 in 12 U.S. metropolitan areas for another six months. More The record €775 million penalty against Dutch lender ING prompted financial institutions in the Netherlands to hire thousands of compliance officers and overhaul their transaction-monitoring systems, a central bank official told moneylaundering.com. More Hundreds of U.S. broker-dealers will have to update their monitoring systems to incorporate...

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