• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

DigiBanker

Bringing you cutting-edge new technologies and disruptive financial innovations.

  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In
  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In

FinCEN encourages cross-border sharing of information between and among financial institutions, including appropriate foreign ones

September 8, 2025 //  by Finnovate

The Financial Crimes Enforcement Network (FinCEN) issued guidance that it said aims to encourage appropriate, voluntary cross-border sharing of information between and among financial institutions, including appropriate foreign ones. This information sharing can help financial institutions combat money laundering, terrorist financing and illicit finance activity involving drug trafficking organizations, foreign terrorist organizations and fraudsters. “The guidance clarifies that while financial institutions are prohibited from sharing Suspicious Activity Reports (SARs), as well as information that would reveal the existence of a SAR, the Bank Secrecy Act and its implementing regulations generally do not prohibit cross-border information sharing,” the release said. In the guidance, FinCEN said that financial institutions are better able to detect and combat illicit finance activity if they share information rather than keeping it siloed. This information can include, when appropriate, transaction records, customer and account information, and investigative materials, according to the guidance.

Read Article

Category: Additional Reading

Previous Post: « Bank of America sees tokenization as the next phase in the evolution of investment products, describing it as “mutual fund 3.0”
Next Post: Fiserv to enhance Clover with mobile ordering and payment platform CardFree’s customized order, pay, and loyalty solutions tailored to restaurants »

Copyright © 2025 Finnovate Research · All Rights Reserved · Privacy Policy
Finnovate Research · Knyvett House · Watermans Business Park · The Causeway Staines · TW18 3BA · United Kingdom · About · Contact Us · Tel: +44-20-3070-0188

We use cookies to provide the best website experience for you. If you continue to use this site we will assume that you are happy with it.