On July 21, 2025, the U.S. Department of the Treasury’s (“Treasury”) Financial Crimes Enforcement Network (FinCEN) announced it will delay the effective date of the final rule establishing anti-money ...

On October 9, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance ...

Quick Answer: Banks and credit unions are legally required to share certain financial information with the U.S. government. This includes interest income (reported to the IRS), large cash transactions ...

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) imposed a record‑setting US$80m civil money penalty on Canaccord Genuity LLC for “willful violations” of the Bank ...

The U.S. Securities and Exchange Commission (SEC) has ordered Canaccord Genuity LLC to pay a $20 million civil penalty after finding the broker-dealer failed to file approximately 150 suspicious ...

Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., have introduced a bill that would raise the mandatory reporting thresholds for filing a suspicious activity report, or ...

RIAs should act now to comply with the final anti-money laundering rule, even if it is altered or extended past its current enforcement deadline of Jan. 1, 2028. The rule from the Treasury ...

HOBOKEN, N.J.--(BUSINESS WIRE)--NiCE Actimize, a NiCE (NASDAQ: NICE) business, today announced that Aberdeen Group, a UK-based global investment management firm headquartered in Edinburgh, has ...

Brokerage firm, Canaccord Genuity Group Inc., is paying US$75 million to settle allegations from U.S. regulators that, due to deficiencies in its compliance systems and controls, the firm failed to ...

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has assessed a $3,500,000 civil money penalty against Paxful, Inc. and Paxful USA, Inc. (collectively doing business as, ...