Tag Archives: Financial Crimes Enforcement Network (FinCEN)

A new report from CertifID has found that homebuyers’ and sellers’ wire transactions are rapidly being targeted by cybercriminals, with in excess of $106,000 as the average wire loss in consumer recovery cases.

Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program.

Does the U.S. financial system suffer from overregulation? A Senate Banking Committee will closely examine the nation’s regulatory structure and exactly who is governing who.