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FinCEN Imposes $390,000,000 Civil Money Penalty Against Capital One, National Association for Violation Regarding the Bank Secrecy Act

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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced that Capital One, National Association (Capital One) has been assessed a $390,000,000 civil money penalty for engaging in both willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, FinCEN determined and Capital One admitted to willfully […]

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Alert: FinCEN Asks Financial Institutions to Stay Vigilant to COVID-19 Vaccine-Related Scams and Cyber Attacks

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December 28, 2020 The Financial Crimes Enforcement Network (FinCEN) issued a Notice this week to alert financial institutions about the potential for fraud, ransomware attacks, or similar types of criminal activity related to COVID-19 vaccines and their distribution. This Notice also provides specific instructions for filing Suspicious Activity Reports (SARs) […]

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The Greatest Threat To Your Check Cashing Business

Stop and think for a minute of what presents the greatest threat to your check cashing business…….. No really—–Stop Reading —– Think —— and then Continue to Read On. So now that you’ve pondered for a moment, perhaps you thought competition such as a nearby Walmart is the greatest threat. […]

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FinCEN Reissues Real Estate Geographic Targeting Orders and Expands Coverage to 12 Metropolitan Areas

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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)

PR Release for Immediate Release Steve Hudak, 703-905-3770 Purchase Threshold Lowered to $300,000 and Virtual Currencies Included WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash […]

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PenFed Employees Saw Anti-Money-Laundering Compliance Gaps

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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)

By Ryan Tracy of Wall Street Journal Oct. 30, 2018 1:39 p.m. ET Employees at one of the largest and fastest-growing credit unions in the U.S. told executives and regulators that it had a flawed program to prevent money laundering, according to people familiar with the matter and internal credit-union […]

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The Morning Risk Report: Watchdog Examines De-Risking Concerns on U.S. Border

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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)

By Samuel Rubenfeld Feb 28, 2018 7:16 am ET A congressional watchdog found banks closing accounts or branches along the southwestern U.S. border at high rates due to elevated money-laundering risks, and said regulators haven’t fully assessed the factors causing financial institutions to make those decisions. The Southwest border region […]

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U.S. Bank Cited by Federal Authorities for Lapses on Money Laundering

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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)

U.S. Bank, the fifth-largest commercial bank by assets in the United States, was charged by the federal authorities on Thursday with failing to guard against illegal activity and, in at least one instance, even abetting it. The Justice Department accused U.S. Bank, which is based in Minneapolis, of severely neglecting […]

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What’s the Treasury doing about bitcoin?

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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)
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Neil Goldstein@ Chesapeake Compliance Consultants
Owner at Chesapeake Compliance Consultants
Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Latest posts by Neil Goldstein@ Chesapeake Compliance Consultants (see all)

by Jose Pagliery A U.S. senator is asking the Treasury Department to explain its efforts to ensure that bitcoin is not being used by criminals and terrorists to evade bank regulations. Senator Ron Wyden sent his questions in a letter to the Treasury Department’s Financial Crimes Enforcement Network on Thursday. […]

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