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Financial Crimes and Enforcement Network (FinCEN) mission statement.

Office of Foreign Assets Control (OFAC) mission statement.

bulletFinancial Crime Enforcement Network Comments to Regulations displays public comments on the U.S. Treasury's proposals for anti-money laundering programs for the Real Estate industry.  My comment is listed as Number 4.
bulletFinancial Crime Enforcement Network Comments to Regulations displays public comments on the U.S. Treasury's proposals for anti-money laundering programs for the Travel industry.  My comment is listed as Number 1.
bullet U. S. Treasury Comments to Regulations displays public comments on the U.S. Treasury's proposals for disclosure to civil penalties.  My comments are listed under Upstate Software Services (sorry for the misname) and Upstate Software Services - Additional Comments.
bullet Treasury Announces Results of PATRIOT ACT Section 326 Notice of Inquiry along with the final date of October 1, 2003 to have your customer identification program drafted and approved.
bullet The National Money Laundering Strategy continues to expand the framework for identifying, disrupting, and dismantling global terrorist financing and money laundering operations.  Appendix H covers interesting 'Prevention, Investigation, and Prosecution' scenarios.
bullet The U.S. Treasury is now publicizing USA Patriot Act and Sanction Law offenders to help companies who are not complying avoid large fines and negative publicity.  While individuals are prosecuted for violations, they are grouped together with other like violators for publication and individual names are not used.  Of course the individuals still suffer the impact of the fines and jail terms.  Companies however, are internationally and permanently displayed by Name, Address, Offense, and Fine amount.  The U.S. Treasury is telling us in no uncertain terms that when you violate the law, you will be punished publicly.
bullet Newly designated business classes had until October, 2003 to establish operational procedures  that include checking customer names against the U.S. Treasury's listing of terrorists, narcotics traffickers, and others as maintained by the Office of Foreign Assets Control.  Businesses should be guarding against money laundering and the financing of terrorism by taking basic steps to identify customers through adequate customer identification procedures (CIP).  Checking your 'customer' name against the current OFAC Specially Designated Nationals listing is one of the first steps in identifying your customer.
bullet Article on USA Patriot Act vs. Sanction Law Compliance.
bullet USA Patriot Act  See page 119 lines 8-24. Section C refers to the SDN listing.
bullet FinCEN Final Rules  After two years of exemptions, all financial companies in America must have compliance procedures in place now.
bulletIncorporate SDN Economic Sanctions Software in your Customer Identification Compliance Procedures now.
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