The appeals court held that some of a taxpayer’s FBAR penalties were disproportional to the offense and thus an excessive ...

The ANPRM summarizes recommendations from the Bank Secrecy Act Advisory Group (“BSAAG”), which created the Anti-Money-Laundering Effectiveness Working Group in June 2019, designed to ...

The White House on Wednesday laid out its policy priorities for regulating digital assets, offering detailed guidance to ...

Art collectors — and criminals — can anonymously spend millions on art in the U.S. A newly introduced bill could change that.

In light of the Recent enforcement action against Riggs National Bank of Washington, D.C., Congress is strongly questioning why regulators like the Office of the Comptroller Currency and the Financial ...

On August 2, the Federal Financial Institutions Examination Council (FFIEC) announced updates to certain sections and examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering ...

Bank secrecy act law BSA on the desk. getty A recent article in the New York Times, “ As Money Launderers Buy Dalís, U.S. Looks at Lifting the Veil on Art Sales,” highlights both the use of ...

The Industrial Bank of Korea and its New York branch will pay a total of $86 million to resolve charges for systemic sanctions compliance failures that allowed more than $1 billion to be illegally ...

In recent years white-collar criminal enforcement has been marked by a string of high-profile prosecutions of banks for violations of the Bank Secrecy Act, the most recent against BNP Paribas. 1 ...