SAR FAQs
On October 5, 2025, FinCEN, along with the other prudential regulators, published new Suspicious Activity Report FAQs. TCA – A Better Way!
FinCEN Updates Compliance Date for New Type of Special Measure
This is an update of our June 27 and July 11, 2025 articles with updated dates. TCA – A Better Way!
FinCEN Updates Compliance Date for New Type of Special Measure Read More »
FinCEN Updates Compliance Date for New Type of Special Measure
This is an update of our June 27,. 2025 article with updated dates. TCA – A Better Way!
FinCEN Updates Compliance Date for New Type of Special Measure Read More »
FinCEN Issues New Type of Special Measure
As part of a supplemental appropriations bill passed in September 2024, Congress enacted the FEND Off Fentanyl Act. Section 2313(a) granted the U.S. Treasury the authority to impose special measures against financial institutions suspected of funneling illegal proceeds derived from the illegal manufacture, transportation, and sale of fentanyl. TCA – A Better Way!
FinCEN Issues New Type of Special Measure Read More »
Beneficial Ownership Injunction
With the deadline for reporting entities to register their beneficial ownership information (BOI) with FinCEN’s Beneficial Ownership Secure System (BOSS) just three weeks away, the U.S. District Court of Eastern Texas issued a preliminary injunction blocking the implementation of the Corporate Transparency Act (CTA) citing that the Act is unconstitutional. TCA – A Better Way!
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Corporate Transparency Act Implementation
FinCEN has published a flurry of Beneficial Ownership information in the last two weeks which has led many financial institutions to question how any of this information applies to them, and how their account opening processes will be affected by the new rule going into effect on January 1, 2024. The good news for financial
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TCA Compliance Deepens its Consumer Compliance Expertise by Hiring Sarah McCaslin
TCA Compliance recently expanded its staff as part of its strategic growth plan. Sarah McCaslin has joined TCA Compliance as a compliance consultant. She is based in Oklahoma. “Financial institutions from coast to coast seek out TCA’s services. Expanding our consultant base to the West and Southwest allows TCA to offer more significant personal interaction
TCA Compliance Deepens its Consumer Compliance Expertise by Hiring Sarah McCaslin Read More »
Renewed Focus on Overdraft and “Junk” fees
One of the consequences of shrinking interest rates and interest margins is that financial institutions’ reliance on non-interest income has significantly increased over the last decade. The Consumer Financial Protection Bureau (CFPB) published an initiative on January 26, 2022 stating its intention to research the impact of fees on American consumers. The press release specifically
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Great Resignation Hits Banks, Threatens to Raise Compliance Risk
TCA’s VCM Service Offers Support If You’re Facing Personnel Challenges The great resignation has hit banks. Hiring and retaining personnel, especially those with specialized experience, is challenging for banks. That, coupled with other issues–a complex operating environment, greater cyber risk, and regulatory changes, for example –can raise your compliance risk. Those are some takeaways from
Great Resignation Hits Banks, Threatens to Raise Compliance Risk Read More »
