Topic: FINCEN
CIMA asks banks for feedback on proposed US travel rule change
The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) proposed last October to lower the threshold for the travel rule from US$3,000 to US$250.
US bans anonymous shell companies
The US has taken steps with the Corporate Transparency Act to eliminate the potential use of anonymous shell companies for money laundering and tax evasion.
