FinCEN 314(b) Program FAQs
Our previous blog post focused on FinCEN’s 314(a) program and what this requirement means for firms. We now switch our focus to the FinCEN 314(b) program and its implications to firms.
Tag: Section 314 of the USA PATRIOT Act
FinCEN 314(a) Program FAQs
The Financial Crimes Enforcement Network (FinCEN) is a service driven by law enforcement agencies to coordinate with covered financial institutions to help locate financial assets and transactions by subjects of criminal investigations, such as tax fraud or money laundering investigations. FinCEN is also a bureau of the U.S. Treasury Department. But did you know that FinCEN has multiple programs and broker-dealers are required to participate in the 314(a) program? Read More…