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Aml

All articles tagged with #aml

Treasury Proposes GENIUS Act Rules to Tighten Stablecoin AML and Sanctions
business2 days ago

Treasury Proposes GENIUS Act Rules to Tighten Stablecoin AML and Sanctions

The U.S. Treasury’s FinCEN and OFAC issued a joint proposed rule to implement GENIUS Act provisions, proposing that permitted payment stablecoin issuers be treated as financial institutions under the Bank Secrecy Act and must adopt effective AML and sanctions‑compliance programs; the rule aims to curb illicit finance while enabling innovation in the payment stablecoin space and invites public comments ahead of publication in the Federal Register.

business1 month ago

FinCEN Eases Beneficial Ownership Checks for New Accounts

FinCEN issued an exceptive relief order that relaxes the requirement to identify and verify the beneficial owners of legal entity customers with every new account, limiting the checks to initial openings and cases where ownership information is called into question or required by risk‑based ongoing due diligence, while preserving all other AML/CFT obligations under the Bank Secrecy Act.

"NFL Reporter Mourns Tragic Loss of 2-Year-Old Daughter to Cancer"
personal-tragedy2 years ago

"NFL Reporter Mourns Tragic Loss of 2-Year-Old Daughter to Cancer"

Doug Kyed, a reporter covering the New England Patriots, announced the passing of his 2-year-old daughter, Hallie, who had been battling acute myeloid leukemia (AML) since April. In a heartfelt tribute, Kyed described Hallie's bravery and strength, and the impact she had on those around her. The family spent special time with her at the hospital before her passing. The news has deeply saddened many, and a GoFundMe has been set up to support the Kyed family during this difficult time.