Difference between revisions of "FinCEN"
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| − | Robust customer identity processes are the foundation of a secure and trusted U.S. financial system and are fundamental to the effectiveness of every financial institution’s anti-money laundering and countering the financing of terrorism (AML/CFT) program.<ref>Andrea Gacki, ''"Identity, Authentication and the Road Ahead: A Cybersecurity Policy Forum"'' FinCen (2024-01-25) https://www.fincen.gov/news/speeches/prepared-remarks-fincen-director-andrea-gacki-during-identity-authentication-and-road</ref> | + | Robust customer identity processes are the foundation of a secure and trusted U.S. financial system and are fundamental to the effectiveness of every financial institution’s anti-money laundering and countering the financing of terrorism (AML/CFT) program. ... Transparency around individuals and corporations can bring economic benefits as well, by protecting our financial system, reducing due diligence costs, enabling fair business competition, and increasing tax revenue.<ref>Andrea Gacki, ''"Identity, Authentication and the Road Ahead: A Cybersecurity Policy Forum"'' FinCen (2024-01-25) https://www.fincen.gov/news/speeches/prepared-remarks-fincen-director-andrea-gacki-during-identity-authentication-and-road</ref> |
==References== | ==References== | ||
Revision as of 22:10, 15 February 2024
Full Title
Financial Crimes Enforcement Network (FinCEN)
Context
Robust customer identity processes are the foundation of a secure and trusted U.S. financial system and are fundamental to the effectiveness of every financial institution’s anti-money laundering and countering the financing of terrorism (AML/CFT) program. ... Transparency around individuals and corporations can bring economic benefits as well, by protecting our financial system, reducing due diligence costs, enabling fair business competition, and increasing tax revenue.[1]
References
- ↑ Andrea Gacki, "Identity, Authentication and the Road Ahead: A Cybersecurity Policy Forum" FinCen (2024-01-25) https://www.fincen.gov/news/speeches/prepared-remarks-fincen-director-andrea-gacki-during-identity-authentication-and-road
Other Material
- See wiki page on AML - Anti-Money Laundering
