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Gacki3

Sep

29

US Shutdown Would Impact FinCEN, Beneficial Ownership Implementation

FinCEN Director Andrea Gacki, center, speaks at the ACAMS conference in Hollywood, Florida, on Thursday, May 11, 2023. FinCEN would have to place the bulk of its full-time workforce on leave in the event of a U.S. government shutdown.

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Legs & Regs

Financial Crime Matters: AFC Pros Highlight the Past, Present and Future of AML
Wagner
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Enforcement Actions

The Securities and Exchange Commission issued a cease-and-desist order against the Chicago, IL-based company and its electric utility subsidiary that requires them to pay a $46.2 million fine for violating anti-fraud and internal accounting controls provisions of the federal securities laws.
The Federal Deposit Insurance Corporation issued a consent order against the England, AR-based financial institution that requires it to make comprehensive improvements to its compliance management system.