WASHINGTON—Today, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that safeguards the financial system from

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a statement of enforcement policy in support of economic recovery and earthquake relief efforts in Venezuela.ResourcesStatement of Enforcement Policy

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. Resources

Due to a technological issue that prevented the public from electronically filing comments for several days, the Financial Crimes Enforcement Network (FinCEN) is extending the comment period for the notice of proposed rulemaking (NPRM) it published in June to amend the existing definition of Huione Group to include H-Pay Service

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a supplemental Alert to advise financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to Cartel de Jalisco Nueva Generacion (CJNG) and other Mexico-based transnational criminal organizations smuggling fuel from the United States

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule amending FinCEN’s October 2025 Huione Group Final Rule to include Cambodia-based H-Pay Service PLC and any successor entity. Huione Group served as a critical node for laundering proceeds of cyber heists and virtual currency

WASHINGTON—Last week, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recognized seven cases during its Law Enforcement Awards Program for effectively using Bank Secrecy Act (BSA) data to support criminal prosecutions and safeguard the U.S. financial system.