Latest Breaking News On - Angela angelovska wilson - Page 1 : comparemela.com
Updated Dec 11, 2020 at 11:34 p.m. UTC
FinCEN Encourages Banks to Share Customer Information With Each Other
A U.S. agency that fights financial crime is encouraging financial institutions, ranging from banks to cryptocurrency exchanges, to share customer information with one another to catch wrongdoers.
The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, issued a fact sheet Thursday spelling out that the 2001 Patriot Act gives institutions wide latitude in what kind of information they are permitted to share.
Overall, the sheet seemingly lowers the obstacles for further sharing of personal customer information among banks, the threshold of what qualifies as “suspicious” activity and whether the entities sharing customer information even need to be financial institutions.
GermanyNew-yorkUnited-statesCarltonGermanMichael-yaegerKenneth-blancoAngela-angelovska-wilsonNizan-geslevich-packinCity-university-of-new-yorkTreasury-departmentFinancial-crimes-enforcement-network-fin