Treasury Moves to Speed Fraud Detection With New FinCEN Guidance

TLDR: FinCEN clarifies how banks can share suspected fraud data under Section 314(b) program rules  Guidance allows sharing of IP addresses, login patterns, and fraud indicators across institutions  Move supports Treasury effort to disrupt fraud networks through faster interbank coordination  Regulators push risk-based AML modernization to improve fraud detection and compliance efficiency FinCEN issued updated [...]

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