GIFTS Software: Compliance

Regulatory &
Compliance Updates

Compliance Updates

The Federal Reserve Board
Federal Financial Regulatory Agencies Issue Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements (July 19 , 2007)

FinCEN Advisory
Transactions Involving Nigeria (May, 2007)

2007 National Money Laundering Strategy Released
Department of the Treasury (May 3, 2007)

FinCEN News
FinCEN Delays Implementation of Revised Suspicious Activity Report (SAR) Forms - Financial Institutions Should File Using Current Forms Until Further Notice (April 26, 2007)

FINCEN ADVISORY
Guidance to Financial Institutions on the Provisions of Financial Services to Belarusian Senior Regime Elements Engaged in Illicit Activities.

Best Practices on Spyware Prevention and Detection
FDIC

FinCEN's 314(a) Fact Sheet
Financial Crimes Enforcement Network (FinCEN)

The SAR Activity Review - May 2005
Financial Crimes Enforcement Network (FinCEN)

Financial Crimes Enforcement Network Signs Information Sharing Agreements with State Banking Agencies
Financial Crimes Enforcement Network (FinCEN)

Customer Identification Programs
Office of Thrift Supervision, Department of the Treasury

Financial Institutions Hotline relating to terrorist activity
Financial Crimes Enforcement Network (FinCEN)

Specially Designated Nationals (SDN) and Blocked Persons List
The Office of Foreign Assets Control (OFAC)

40 Recommendations to Combat Money Laundering
The Financial Actions Task Force (FATF)

Money Laundering: A Banker's Guide to Avoiding Problems
The Office of the Comptroller of the Currency (OCC) overviews current money laundering legislation and compliance issues.

BankersOnline Anti-Money Laundering Center - A comprehensive set of articles, links, and tools relating to anti-money laundering, anti-terrorism, the Bank Secrecy Act, enhanced due diligence, OFAC, and the USA PATRIOT Act.

FATF - The Financial Action Task Force on Money Laundering is an inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering.

FINCEN - The Financial Crimes Enforcement Network works to maximize information sharing among law enforcement agencies and its other partners in the regulatory and financial communities in order to fight the complex problem of money laundering.

OCC - The Office of the Comptroller of the Currency charters, regulates, and supervises national banks to ensure a safe, sound and competitive banking system that supports the citizens, communities, and economy of the United States.

OFAC - The Office of Foreign Assets Control of the U.S. Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction.