LESSONS FROM 2024 BANK SECRECY ACT: ANTI-MONEY LAUNDERING ENFORCEMENT ACTIONS
Reported by Jeremy M. McLaughlin and John ReVeal (Summary version featured below) In 2024, the Financial Crimes Enforcement Network (FinCEN) and federal banking regulators issued over three dozen enforcement actions against banks and individuals for violations related to the Bank Secrecy Act (BSA), anti-money laundering (AML), and countering the financing of terrorism (CFT). Notably, one […]