Chesapeak Compliance Consultants

05/03/2024

https://chesapeakecomplianceconsultants.com/new-login-procedures-to-access-your-fincen-bsa-e-filing-account/

Effective April 30, 2024, FinCEN implemented a multi-factor authentication method to access their BSA E-Filing System. You will no longer be able to use your prior login to access your FinCEN E-File account to file Currency Transaction Reports, Suspicious Transaction Reports or renew your MSB regist...

11/01/2021

FinCEN Renews Real Estate Geographic Targeting Orders for 12 Metropolitan Areas

Contact Office of Strategic Communications, [email protected] Immediate Release October 29, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural per...

01/21/2021

http://www.chesapeakecomplianceconsultants.com/answers-to-frequently-asked-questions-about-suspicious-activity-reports-and-other-anti-money-laundering-situations/

01/21/2021

FinCen Assesses Huge Fine to Capital One for Violations of the Bank Secrecy Act .. read more by clicking link

http://www.chesapeakecomplianceconsultants.com/fincen-imposes-390000000-civil-money-penalty-against-capital-one-national-association-for-violation-regarding-the-bank-secrecy-act/

08/06/2019

http://www.chesapeakecomplianceconsultants.com/the-federal-reserve-is-getting-into-the-real-time-payments-business/

August 6, 2019 The Federal Reserve is getting into the Real-Time Payments Business New York (CNN Business) By Clare Duffy, CNN Business Updated 4:09 PM ET, Mon August 5, 201 The Federal Reserve wants to make paying bills and transferring money easier and faster. The Fed announced Monday that it will...

03/01/2019

http://www.chesapeakecomplianceconsultants.com/aci-to-purchase-western-unions-speedpay/

ACI plans to combine Speedpay and UP Bill Payment platforms into a unified bill payment platform that will support billions of transactions.

02/12/2019

http://www.chesapeakecomplianceconsultants.com/chip-and-pin-protections-could-fall-short-with-new-future-threats/

February 12, 2019 Chip and PIN protections Could fall short with new future threats The protections that chip and PIN payment card solutions offer may fall short as cyber criminals begin installing command-and-control malware on infected EMV device readers, a new report warns. Cyber criminals could....

10/01/2018

http://www.chesapeakecomplianceconsultants.com/fincen-permanently-extends-limited-relief-for-renewable-rollover-products-related-to-new-beneficial-ownership-rule/

10/01/2018

http://www.chesapeakecomplianceconsultants.com/guidance-aml-guidance-does-not-have-the-force-of-laws-bank-regulators-say-in-rare-multi-agency-guidance/

October 1, 2018 Guidance AML guidance does not have the force of laws, bank regulators say in rare multi-agency guidance Posted by: Brian Monroe The top banking agencies of the United States, in conjunction with the U.S. Treasury, this month attempted to delineate more clearly what banks should do i...

09/04/2018

http://www.chesapeakecomplianceconsultants.com/extension-of-limited-exception-from-beneficial-ownership-requirements-for-legal-entity-customers-of-certain-financial-products-and-services-with-rollovers-and-renewals/

FinCEN is extending the limited exception for an additional 30 days, up to and including September 8, 2018, from the obligations of the Beneficial Ownership Rule for rollover or renewal of certain financial products and services (i.e., certificate of deposit or loan accounts) that were established b...

09/04/2018

http://www.chesapeakecomplianceconsultants.com/do-both-banks-and-nonbanks-require-an-independent-audit-of-anti-money-laundering-programs-what-are-the-requirements-for-such-audit/

September 4, 2018 Do both banks and nonbanks require an independent audit of anti-money laundering programs? What are the requirements for such audit? August 28, 2018 Jacob Gaffney THE QUESTION: Are both banks and nonbanks required to perform an independent audit of their anti-money laundering (“A...

08/03/2018

http://www.chesapeakecomplianceconsultants.com/the-latest-state-to-implement-money-transmitter-licensing-laws-and-regulations/

August 3, 2018 The Latest State to Implement Money Transmitter Licensing Laws and Regulations Friday, August 3, 2018 South Carolina’s money transmitter licensing law, the South Carolina Anti-Money Laundering Act, and its implementing regulations (collectively, the “Act”) became effective on Ma...