Washington, D.C. – The Financial Crimes Enforcement Network (FinCEN) has assessed a $184 million civil money penalty today against Western Union Financial Services, Inc. (WUFSI).
The Financial Crimes Enforcement Network (FinCEN) is announcing a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking (NPRM) FinCEN issued on March 10, 2016, which proposes to revise the regulations implementing the Bank Secrecy Act (BSA) regarding FBARs.[1] Specifically, one of the proposed amendments would expand and clarify the exemptions for certain U.S.
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