The Financial Crimes Enforcement Network
(FinCEN) has started a new information-exchange program with financial institutions, according to an announcement from the Treasury Department.
The Treasury Department's Financial Crimes Enforcement Network
(FinCEN) launched the FinCEN Exchange program Monday to enhance information sharing with financial institutions.
In a statement, the Bank of Tanzania noted that its intervention was the result of the USA Financial Crimes Enforcement Network
(FinCEN) Notice of Findings issued on 15 July 2014, which identified FBME as a Financial Institution of Primary Money Laundering Concern.
Many other agencies also provided information on international training as well as technical and other assistance, including the following: Department of Homeland Security's Homeland Security Investigations and Customs and Border Protection; Department of Justice's Money Laundering and Asset Recovery Section, Criminal Division, National Security Division, Office of International Affairs, Drug Enforcement Administration, Federal Bureau of Investigation, and Office for Overseas Prosecutorial Development, Assistance, and Training; and, Treasury's Financial Crimes Enforcement Network
, Internal Revenue Service, Office of the Comptroller of the Currency, and Office of Technical Assistance.
an active member in the Financial Crimes Enforcement Network
financial accounts to the Financial Crimes Enforcement Network
The Central Bank had intervened after the US Department of Treasury's Financial Crimes Enforcement Network
(FinCEN) named FBME as "a financial institution of primary money laundering concern".
According to the Financial Crimes Enforcement Network
(FinCEN), the answer seems to be a combination.
A taxpayer's obligations to file FATCA and FBAR forms are distinct from each other and may require the same taxpayer to file both Form 8938 under FATCA rules as well as FinCEN Form 11A with the Financial Crimes Enforcement Network
The dossier, issued by the US Treasury Department through its Director of Financial Crimes Enforcement Network
, Ms Jennifer Shasky Calvery, said: "FBME has a significant number of shell company customers nominally based in Cyprus and in other high-risk jurisdictions.
According to an advisory issued by the US Treasury's Financial Crimes Enforcement Network
(FinCEN), foreign individuals are abusing the citizenship-by-investment program sponsored by St Kitts & Nevis (SKN) to obtain SKN passports for the purpose of engaging in illicit financial activity, reports Caribbean News Now (May 22, 2014):
The US Treasury Department's anti-money laundering unit, the Treasury's Financial Crimes Enforcement Network
(FinCEN), said in a statement on Tuesday that Tanzania and Kenya have been removed from the list of countries that are cited as sources of money laundering, but that Turkey remains on the gray list.