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FinCEN


Fincen Says SARs Reached All-Time In 2011 - Wall Street Journal (blog)

Housing Wire

Fincen Says SARs Reached All-Time In 2011
Wall Street Journal (blog)
Fincen, the Treasury Department's repository for data on money laundering, terrorist financing and other financial crimes, said 1.5 million SARs were filed in 2011, compared with1.3 million in 2010. Suspicious activity reports, or SARs, are required ...
Mortgage Fraud Shows Steady Climb From '96 to PresentReverse Mortgage Daily

all 4 news articles »

Verafin Stays a Step Ahead Of FinCEN's Newest Currency Transaction Report and ... - MarketWatch (press release)

Verafin Stays a Step Ahead Of FinCEN's Newest Currency Transaction Report and ...
MarketWatch (press release)
With updated e-filing requirements coming into effect in July 2012 and a March 2013 deadline for the new report formats, Verafin has completed successful submissions to the FinCEN test site. "Our approach has always been to help our customers stay a ...

and more »

FinCEN: Mortgage Fraud Reports Up In 2011 - Mortgageorb

FinCEN: Mortgage Fraud Reports Up In 2011
Mortgageorb
by MortgageOrb.com on Tuesday 24 April 2012 The Financial Crimes Enforcement Network (FinCEN) has released its full-year 2011 update of mortgage loan fraud reported suspicious activity reports (MLF SARs) which shows financial institutions submitted ...

and more »

Commissioner Donelon, US Treasury's FinCEN Join Forces to Enhance Anti-Fraud ... - Insurance News Net (press release)

Commissioner Donelon, US Treasury's FinCEN Join Forces to Enhance Anti-Fraud ...
Insurance News Net (press release)
Commissioner of Insurance Jim Donelon and James H. Freis , Jr., Director of the Financial Crimes Enforcement Network (FinCEN) within the US Treasury, signed a Memorandum of Understanding (MOU) last week aimed at boosting anti-fraud efforts.

and more »

NAFCU's Comments to FinCEN on Consumer Due Diligence - CUinsight.com (press release)

NAFCU's Comments to FinCEN on Consumer Due Diligence
CUinsight.com (press release)
On behalf of the National Association of Federal Credit Unions (NAFCU), the only trade association that exclusively represents federal credit unions (FCU), I am writing to you regarding the Financial Crimes Enforcement Network (FinCEN) Advance Notice ...


Suspected mortgage fraud tops FinCen list - Housing Wire

Housing Wire

Suspected mortgage fraud tops FinCen list
Housing Wire
FinCen suggested the recent two-year spike in fraud reports is directly tied to mortgage repurchase demands filed by financial firms that are now questioning the initial underwriting and other issues associated with the original mortgage.
Reports of Suspected Mortgage Fraud Rise in South Florida, Everywhere ElseBroward-Palm Beach New Times (blog)

all 2 news articles »

Oracle Financial Services Introduces Oracle Financial Services Currency ... - MarketWatch (press release)

Oracle Financial Services Introduces Oracle Financial Services Currency ...
MarketWatch (press release)
-- To help financial services organizations comply with a recent announcement from Financial Crime Enforcement Network (FinCEN) requiring a format change to the electronic filing of currency transaction reports (CTRs), Oracle Financial Services today ...

and more »

On the Docket For Crime Enforcement? Reverse Mortgages, says FinCEN - Reverse Mortgage Daily

On the Docket For Crime Enforcement? Reverse Mortgages, says FinCEN
Reverse Mortgage Daily
Reverse mortgage fraud has been a recent target of investigations by the US Financial Crimes Enforcement Network (FinCEN), among other types of mortgage-related suspicious activity, which was up 31% in 2011 over 2010. Speaking before attendees of the ...
Consumer Mortgage Fraud Up in 2011NuWire Investor

all 2 news articles »

Mortgage Fraud Increase Shows Importance of Valuation Professionals: Appraisal ... - MarketWatch (press release)

Mortgage Fraud Increase Shows Importance of Valuation Professionals: Appraisal ...
MarketWatch (press release)
FinCen noted that California and Florida had the most mortgage loan fraud, followed by New York and Illinois. Among the fraudulent activities that FinCen cited was a suspicious activity report related to a false home inspection indicating allegedly ...

and more »

Insurance Commissioner Dave Jones Partners with US Treasury to Enhance Anti ... - Insurance News Net (press release)

Insurance Commissioner Dave Jones Partners with US Treasury to Enhance Anti ...
Insurance News Net (press release)
California Insurance Commissioner Dave Jones announced today his signing of a Memorandum of Understanding (MOU) with the US Treasury Department's Financial Crimes Enforcement Network (FinCEN) in order to coordinate and heighten efforts aimed at rooting ...

and more »


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