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Keyword: fincen

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  • Small farms face new federal reporting rules

    03/24/2024 5:23:22 PM PDT · by aimhigh · 35 replies
    Capital Press ^ | 03/21/2024 | DON JENKINS
    A constitutional battle is shaping up over whether the U.S. government can force the owners and top employees of small businesses to send their addresses and photo IDs to federal financial crime investigators. The Biden administration has appealed a decision by a federal judge in Alabama, who ruled this month the Corporate Transparency Act exceeded the powers granted to Congress by the Constitution. The government says the information collected from small businesses will ferret out shell companies and help law and intelligence officers foil human smugglers, drug traffickers and terrorists. The appeal has a good chance because courts rarely strike...
  • Outrage as Biden administration admits surveilling Americans' private financial transactions for words like 'MAGA' 'Trump' and 'Kamala' in wake of Jan. 6 riots...with people buying BIBLES on top of their watchlist

    02/10/2024 3:04:52 AM PST · by Libloather · 46 replies
    Daily Mail ^ | 2/09/24 | Kamal Sultan
    The Biden Administration has admitted to surveilling the private financial transactions of Americans for words including 'MAGA', 'Trump' and 'Kamala' following the January 6 riots. Federal investigators in the Treasury's Financial Crimes Enforcement Network (FinCEN) instructed banks to comb through records to look for 'extremists'. A letter from the Treasury Department, seen by Fox News, was sent to Senator Tim Scott on Friday which states 'Exchange events' began 'shortly after January 6 under the prior Administration'. It said it 'included terms such as "antifa," "MAGA," "Trump," "Biden," "Kamala," "Schumer," and "Pelosi."' The federal government was specifically 'watching' Trump supporters and...
  • Feds asked financial institutions to flag Bible purchases, terms like 'MAGA,' 'TRUMP' to identify 'Extremists': Report

    01/19/2024 9:07:50 AM PST · by Twotone · 9 replies
    The Blaze ^ | January 17, 2024 | Cortney Weil
    A shocking report from Rep. Jim Jordan, chairman of the Judiciary Committee and the Select Subcommittee on the Weaponization of the Federal Government, indicates that federal law enforcement agencies wanted financial institutions to identify potential extremists by flagging otherwise benign purchases and search terms affiliated with former President Donald Trump in the wake of the incident at the Capitol on January 6, 2021. On Wednesday, Jordan sent an alarming letter to Noah Bishoff, the former director of the Treasury Department's Office of Stakeholder Integration and Engagement in the Strategic Operations Division of the Financial Crimes Enforcement Network, better known as...
  • Federal Investigators Demanded Banks Search Private Transactions for Words Like ‘MAGA,’ ‘Trump’

    01/19/2024 6:29:11 AM PST · by MtnClimber · 21 replies
    American Greatness ^ | 18 Jan, 2024 | Eric Lendrum
    On Wednesday, the Republican majority on the House Judiciary Committee revealed even more drastic examples of government surveillance and breaches of privacy in the aftermath of the peaceful protest on January 6th, including the searching of Americans’ private bank transactions. According to Fox News, the Judiciary Committee and the subcommittee on the Weaponization of the Federal Government described their latest findings in a letter obtained by Fox. The letter states that investigators ordered banks to search through their customers’ private transactions for key terms such as “MAGA” and “Trump,” while also claiming that the purchasing of “religious texts” were a...
  • I Bought A Bible, Slingshot, And Sports Gear. So I’m Probably On A ‘Domestic Terrorist’ Watchlist

    01/18/2024 7:19:52 AM PST · by Heartlander · 45 replies
    The Federalist ^ | January 18, 2024 | Joy Pullmann
    I Bought A Bible, Slingshot, And Sports Gear. So I’m Probably On A ‘Domestic Terrorist’ WatchlistAll-American consumerism by a completely peaceful and law-abiding citizen somehow threatens the people running my own country into the ground.Americans who shopped at sporting goods stores and bought religious books “like a Bible” were flagged through their banks as potential domestic terrorists, Rep. Jim Jordan revealed Jan. 17. The federal government also flagged as potential criminals any transactions that involved the terms “MAGA” or “Trump,” the House Judiciary Committee chairman said. These Americans were tagged as possible “violent extremists” with zero due process or even...
  • 'Alarming' surveillance: Feds asked banks to search private transactions for terms like ‘MAGA,’ ‘Trump’

    01/18/2024 9:12:08 AM PST · by Rusty0604 · 80 replies
    House Judiciary ^ | 01/17/2024 | Brooke Singman
    Federal investigators asked banks to search and filter customer transactions by using terms like "MAGA" and "Trump" as part of an investigation into Jan. 6, warning that purchases of "religious texts" could indicate "extremism," the House Judiciary Committee revealed Wednesday. Fox News Digital has learned the committee also obtained documents that indicate officials suggested that banks query transactions with keywords like Dick's Sporting Goods, Cabela's, Bass Pro Shops and more. The House Judiciary Committee and its subcommittee on the Weaponization of the Federal Government have been conducting oversight of federal law enforcement’s "receipt of information about American citizens without legal...
  • Jim Jordan seeks answers from former Treasury official over flagging ‘MAGA’ financial transactions

    01/17/2024 9:38:08 PM PST · by SeekAndFind · 13 replies
    The Hill via MSN ^ | 01/17/2024 | Lauren Sforza
    Rep. Jim Jordan (R-Ohio) is requesting a transcribed interview with a former Financial Crimes Enforcement Network (FinCEN) official for allegedly flagging consumer transactions that had the phrases “TRUMP” or “MAGA” in them. On behalf of the Judiciary Committee’s subcommittee on the weaponization of the federal government, Jordan sent a letter requesting testimony to Noah Bishoff, the former director of an office in the Strategic Operations Division of FinCEN, which is part of the Treasury Department. Jordan said the committee had obtained documents showing that FinCEN outlined “typologies” of persons of interest in materials distributed to financial institutions. He said these...
  • The Beneficial Ownership Information Reporting rule and the surveillance state

    01/02/2024 5:03:03 AM PST · by MtnClimber · 13 replies
    American Thinker ^ | 2 Jan, 2024 | Bob Bishop
    The 2021 National Defense Authorization Act created the Beneficial Ownership Information (BOI) reporting rule to ostensibly target money laundering. Beginning January 1, 2024, the Act mandates U.S. companies, regardless of size, to register their beneficial and controlling owners with the Treasury's Financial Crimes Enforcement Network (FinCEN). FinCEN claims the corporate ownership database will be used exclusively to identify anonymous shell companies involved in money laundering and terrorist activities. Once again, like the Patriot Act, it grants surveillance powers violating the Constitution. There is no provision for judicial oversight to protect individual rights as if that ever mattered. Reporting requirements apply...
  • 32 million small businesses are about to get blindsided

    12/18/2023 3:45:19 PM PST · by Twotone · 53 replies
    The Blaze ^ | December 12, 2023 | Carol Roth
    Have you heard of the Corporate Transparency Act? Most of the estimated 32 million small business owners, including sole proprietors, whom the new law affects have not. It was just recently put on my radar by a handful of people — quite a shock for a measure that takes effect at the start of the new year! A new reporting rule under the law means that businesses will need to file information with the Financial Crimes Enforcement Network (a bureau within the U.S. Department of Treasury), including personal information about the people who are associated with the business, or risk...
  • Her Leaks Exposed Global Financial Corruption. Now She Is In Prison.

    09/04/2021 6:17:07 AM PDT · by DUMBGRUNT · 22 replies
    Buzz Feed ^ | 3 Sept 2021 | David Mack
    ...she is a whistleblower who sent suspicious activity reports to BuzzFeed News after trying in vain to work through lawful channels. Her actions became the basis for the global FinCEN Files investigation. They also described her disclosures as “unparalleled in FinCEN’s history,” having sent approximately 50,000 documents, including 2,000 SARs, to Leopold over the course of a year and running searches within internal systems at his request.
  • Office of the Comptroller of the Currency (OCC) issues $60M penalty and cease and desist proceedings against USAA

    04/21/2022 3:00:43 PM PDT · by wardamneagle · 53 replies
    OCC website ^ | 04/21/2022 | wardamneagle
    Couple of links at the URL.
  • FinCEN’s Crypto Rules Aren’t as Unfair as Jack Dorsey Says

    01/12/2021 11:27:51 AM PST · by Sons of Union Vets · 2 replies
    Coindesk ^ | January 12, 2021 | P.Koning
    ....What’s at stake? Up till now, exchanges like Coinbase haven’t bothered to de-anonymize the non-custodial wallet owners that either send cryptocurrency to exchanges or receive cryptocurrency from exchanges. In effect, if you had a few thousand dollars in bitcoins in a paper wallet, Coinbase wouldn’t ID you if you transferred those bitcoins to a Coinbase account. FinCEN – a bureau of the US Department of the Treasury that defines rules for combating money laundering – has proposed changing this. U.S. cryptocurrency exchanges and other financial institutions dealing in cryptocurrency would be required to start collecting information about owners of non-custodial...
  • Jack Dorsey and Square against Mnuchin's proposed new crypto rule

    01/11/2021 9:27:32 AM PST · by Sons of Union Vets · 15 replies
    Seeking Alpha ^ | 01/04/2021 | Stephen Alpher, SA News Editor
    To review, Treasury Secretary Steven Mnuchin is attempting to push through an 11th-hour action aimed at throwing a regulatory wrench into the cryptocurrency markets. The proposed new rule looks to expand Know Your Customer (KYC) obligations to parties who may not even be customers. Typically, there's a 30-day comment period before proposals like this can be implemented, which would take the date past Jan. 20, when Mnuchin will have been shown the door at Treasury. And the incoming administration is likely to have a friendlier stance towards the crypto market than the current one. Treasury, however is using some fancy...
  • Statement by FinCEN Regarding Unlawfully Disclosed Suspicious Activity Reports

    09/01/2020 8:01:33 PM PDT · by bitt · 16 replies
    fincen.gov ^ | 9/1/2020 | fincen.gov
    Immediate Release September 01, 2020 The Financial Crimes Enforcement Network (FinCEN) is aware that various media outlets intend to publish a series of articles based on unlawfully disclosed Suspicious Activity Reports (SARs), as well as other sensitive government documents, from several years ago. As FinCEN has stated previously, the unauthorized disclosure of SARs is a crime that can impact the national security of the United States, compromise law enforcement investigations, and threaten the safety and security of the institutions and individuals who file such reports. FinCEN has referred this matter to the U.S. Department of Justice and the U.S. Department...
  • U.S. Treasury official charged with leaks linked to Russia probe

    10/17/2018 10:19:02 AM PDT · by SpeedyInTexas · 43 replies
    Yahoo ^ | 10/17/2018 | Brendan Pierson
    A U.S. Treasury Department official has been criminally charged with leaking confidential documents relating to former Trump campaign chairman Paul Manafort, the Russian embassy and others, to a reporter from digital media company BuzzFeed, Manhattan federal prosecutors announced on Wednesday. Natalie May Edwards, a senior adviser in the Treasury Department's Financial Crimes Enforcement Network (FinCEN), was arrested on Tuesday and charged with unauthorized disclosure of suspicious activity reports, according to the office of U.S. Attorney Geoffrey Berman. She was expected to make an initial appearance in Virginia federal court later in the day.
  • Treasury employee charged with leaking financial info on Trump team was arrested with flash drive

    10/17/2018 1:37:13 PM PDT · by rdl6989 · 132 replies
    Fox News ^ | October 17, 2018 | Gregg Re
    The top Treasury Department employee who was arrested and charged by federal authorities with leaking confidential financial documents pertaining to former Trump officials was apprehended with a flash drive containing the allegedly pilfered information in her hand, prosecutors said Wednesday. The dramatic arrest came on the heels of other high-profile, leak-related prosecutions under the Trump administration, which has pledged to go on the offensive against leakers that the president has called "traitors and cowards." Natalie Mayflower Sours Edwards, 40, a senior official at the department's Financial Crimes Enforcement Network (FinCEN), is accused of illegally giving a reporter bank reports documenting...
  • Deep State Treasury Leaker Arrested

    10/17/2018 1:24:57 PM PDT · by BeauBo · 46 replies
    Conservative Treehouse ^ | 17 Oct 2018 | Sundance
    You might remember back in May 2018 when sketchy porn lawyer Michael Avenetti was releasing U.S. Treasury notifications on Michael Cohen received from an unknown source within the Treasury Department. You might also remember when New Yorker’s Ronan Farrow wrote a sympathetic article after talking to the leaking treasury official. As a result the Treasury Inspector General began an investigation. Today, a U.S. Treasury employee named Natalie Mayflower Sours-Edwards was arrested and charged with leaking to numerous reporters multiple financial reports about suspicious financial transactions related to: Paul Manafort, Richard Gates, Maria Butina, and others.
  • Congressional Leaders, Foundation Praise FinCEN Guidance [Bitcoin]

    02/01/2014 9:38:53 AM PST · by Errant · 2 replies
    Coin Desk ^ | 31 January 2014 | Danny Bradbury
    FinCEN’s rulings on cryptocurrency compliance yesterday have drawn praise from a congressional leader. He nevertheless cautioned government agencies to continue working together on a cohesive strategy to deal with virtual currency. Senator Tom Carper (D-Del) praised the Treasury-based agency for releasing the two rules, which exempted miners from MSB licensing, and also clarified rules for businesses that wanted to buy and sell bitcoins for their own purposes.
  • FinCEN Declares Bitcoin Miners, Investors Aren’t Money Transmitters

    01/30/2014 7:40:45 PM PST · by Errant · 4 replies
    Coin Desk ^ | 30 January 2014 | Pete Rizzo
    The US Financial Crimes Enforcement Network (FinCEN) published two new rulings on 30th January that aim to bring clarity as to which players in the virtual currency space will fall under the Bank Secrecy Act’s (BSA) definition of a money transmitter. FinCEN said that miners who mine virtual currency for their own use, as well as companies that purchase and sell convertible virtual currency solely as an investment aren’t subject to this law.
  • FinCEN: Bitcoin Miners Need Not Register as Money Transmitters

    12/29/2013 6:13:10 AM PST · by Errant · 18 replies
    Coin Desk ^ | 29 December, 2013 | Jon Southurst
    Bitcoin miners who mine “for themselves” do not have to register as Money Services Businesses (MSBs) with the US Financial Crimes Enforcement Network (FinCEN), according to an official letter from the agency this week. FinCEN was replying to a request for clarification by Atlantic City Bitcoin (AC Bitcoin), aka advocate Milly Bitcoin, who maintains an array of ASIC miners in New Jersey. According to the letter, miners are still free to purchase goods or trade with exchanges with the bitcoins they produce whether operating as individuals or businesses.