SAR FAQs
On October 5, 2025, FinCEN, along with the other prudential regulators, published new Suspicious Activity Report FAQs. TCA – A Better Way!
BSA/AML
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 »
AML/CFT Policy and Procedure Checkup
FinCEN continues to make communication updates. This is a reminder to check your AML/CFT policies and procedures to make sure they contain the following recently updated contact information: TCA – A Better Way!
AML/CFT Policy and Procedure Checkup 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 »
Focus on Fraud and Suspicious Activity Reporting
A big focus of conversations in the AML/CFT world recently has focused on the increase in fraud schemes as a mechanism to generate illicit funds which are then ultimately laundered. Financial institutions of all sizes are feeling the impact of fraud schemes targeting their customers and their bottom lines. TCA – A Better Way!
Focus on Fraud and Suspicious Activity Reporting Read More »
What should AML Programs Learn from Consent Orders?
AML/CFT Consent Orders…AML/CFT Regulatory Fines. These are two phrases that compliance professionals all hear, and hope will never apply to their financial institutions. Yet these actions do occur frequently enough to make one wonder -what steps might be taken to avoid them? TCA – A Better Way!
What should AML Programs Learn from Consent Orders? Read More »
FinCEN Advisories and Key Terms When Filing SARs
FinCEN issues public and non-public advisories to financial institutions in order to help educate them in detecting, preventing, and reporting potential suspicious activity to FinCEN. TCA – A Better Way!
FinCEN Advisories and Key Terms When Filing SARs Read More »
Time to Make New Year’s AML/CFT Resolutions
While many of us will be making personal resolutions for the New Year for personal self-improvement goals, AML/CFT Officers should consider a few resolutions that are geared towards their AML/CFT Programs. TCA – A Better Way!
Time to Make New Year’s AML/CFT Resolutions 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!
Beneficial Ownership Injunction Read More »
