Event Details
January 01, 2010
Description
Seven Money Services Businesses (MSBs) were subject to enforcement actions for failure to register.
Participants (2)
| Name | Type | Mentions | |
|---|---|---|---|
| FinCEN | organization | 50 | View Entity |
| Various MSBs | person | 0 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_024129.jpg
This document is page 23 of a report by Protiviti, likely produced for the House Oversight Committee, detailing common deficiencies in Anti-Money Laundering (AML) compliance programs. It cites specific enforcement actions and financial penalties against E*TRADE (2008-2009) and Sigue Corporation (2008) for failures in suspicious activity monitoring and reporting. The text outlines systemic violations such as failure to file SARs, lack of independent testing, and inadequate training, serving as a reference for regulatory expectations.
Related Events
Events with shared participants
Formation of the Bank Secrecy Act Advisory Group (BSAAG)
1992-01-01 • United States
Period during which FinCEN received 33,692 marijuana-related SAR filings.
2014-02-01 • USA
Publication of the FinCEN Memo in coordination with the Cole Memo update.
2014-02-01 • USA
FinCEN entered into an MOU with the Consumer Financial Protection Bureau (CFPB) to provide access to BSA information.
2011-06-01 • United States
FinCEN assessed a $12 million penalty and DOJ assessed a $15 million forfeiture against Sigue Corporation.
2008-01-01 • USA
Form 114 (FBAR) filed with FinCEN on behalf of Ghislaine Maxwell
2019-10-13 • N/A
FBI received attached SD (Suspicious Disclosure/Secure Disclosure) from United Kingdom regarding Ghislaine Maxwell
2020-09-17 • N/A
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