On May 13, the Securities and Exchange Commission (SEC) and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly proposed to require that SEC-registered investment ...

The Treasury's Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers' ...

The proposal seeks to mitigate illicit finance risks while protecting the US financial system and national security interests.

The Federal Reserve Board is introducing a proposal that would require some payment stablecoin issuers to institute customer ...

SUMMARY: FinCEN, in consultation with staff at the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), ...

Modern customer identification regulations are not only outdated, but actually contribute to a rise in identity crimes. New threats posed by identity fraud today have made the federal Customer ...

Financial institutions operate in an environment where trust, compliance, and fraud prevention are inseparable. To protect the financial system from money laundering, terrorist financing, and identity ...

The Federal Reserve proposed requiring payment stablecoin issuers to maintain an effective customer identification program ...

US regulators are moving to impose bank-style customer-identification requirements on stablecoin issuers, marking another ...

The American Fintech Council, an association representing Fintech companies and BaaS banks, has submitted a response to the US Department of Treasury, Financial Crimes Enforcement Network (FinCEN) ...

At a minimum, the CIP would have to include risk-based procedures for verifying the identity of each customer to the extent ...