Computer interconnectivity has produced enormous benefits but has also enabled criminal activity that exploits this interconnectivity for financial gain and other malicious purposes, such as Internet fraud, child exploitation, identity theft, and terrorism. Efforts to address cybercrime include activities associated...
The Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation reached an agreement today regarding the implementation of Basel II in the United States. The agreement resolves major outstanding issues and will now lead to finalization...
p>James H. Freis, Jr., Director of the Financial Crimes Enforcement Network (FinCEN), today issued the following statement about the federal financial regulatory agencies’ Interagency Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements.
“Today’s statement by the...
The federal financial regulatory agencies on Thursday issued a statement setting forth the agencies’ policy for enforcing specific anti-money laundering requirements of the Bank Secrecy Act (BSA). The purpose of the Interagency Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements is...
The Financial Crimes Enforcement Network (FinCEN) has created a new page on its public website entitled Regulatory Efficiency and Effectiveness Initiative with the purpose of providing information to the public, on a regular basis, about its work to administer and implement a Bank Secrecy Act regulatory environment...
DHS has issued a national plan aimed at providing a consistent approach to critical infrastructure protection, ensured that all 17 sectors have organized to collaborate on protection efforts, and worked with government and private sector partners to complete all 17 sector-specific plans.Nevertheless, our work has...
The following GAO report highlights GAO-07-737, a report to congressional requesters.In recent years, many entities in the private, public, and government sectors have reported the loss or theft of sensitive personal information.
National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced today the availability of a financial education library on the NCUA website.
This letter transmits an exposure draft of Volume III of the Government Accountability Office (GAO) and the President’s Council on Integrity and Efficiency (PCIE) Financial Audit Manual (FAM)
The Payment Card Industry Data Security Standard (PCI-DSS) has a self-assessment questionnaire for those organizations that are beginning compliance efforts for this industry standard. There are six sections of the questionnaire covering the 12 requirements of the PCI-DSS.
The PCI-DSS is a multifaceted security...
The Payment Card Industry Data Security Standard (PCI-DSS) is a comprehensive standard intended to help organizations proactively protect customer account data. In 2004, the Payment Card Industry (PCI) Data Security Standard (DSS) was created as a result of a cooperative effort between Visa/MC, AMEX, Discover, Diners,...
National Credit Union Administration (NCUA) Chairman JoAnn Johnson today emphasized NCUA’s proactivity and interest in working closely with the U.S. Department of Treasury to help credit unions improve Bank Secrecy Act rules and requirements for credit unions and other financial service providers.
The National Institute of Standards and Technology (NIST) announces the release of Draft Federal Information Processing Standard (FIPS) 180-3 Publication, Secure Hash Standard (SHS)
The National Institute of Standards and Technology (NIST) announces the release of Draft Federal Information Processing Standard (FIPS) 198-1 Publication, The Keyed-Hash Message Authentication Code (HMAC).
The Financial Crimes Enforcement Network issued today the latest edition of the SAR Activity Review – By The Numbers that introduces a number of visual enhancements aimed at providing financial institutions with more information on the geographical dispersion of the Suspicious Activity Report filings.
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