FinCEN seeks comments from financial institutions and other stakeholders on proposed rule on access to beneficial ownership information

The US treasury department’s Financial Crimes Enforcement Network (FinCEN) is seeking comments on a notice of proposed rulemaking (NPRM) published on 15 December 2022 that would implement provisions of the Corporate Transparency Act (CTA) that govern the access to and protection of beneficial ownership information….

Austrac publishes prevention of TBML guidance targeted at trade finance providers

Australia’s government agency for detecting, deterring and disrupting financial crime has published guidance providing indicators and behaviours to help financial service providers –  particularly those engaged in trade financing – to detect and report suspicious financial activity. The guidance by the Australian Transaction Reports and Analysis…