FinCEN Mulls Extending AML Laws, SAR Rules to Non-Bank Originators
July 20, 2009
Mortgage brokers and other non-bank loan originators could become subject to federal anti-money laundering and suspicious activity reporting requirements as part of the Treasury Department’s war against mortgage fraud. The Financial Crimes Enforcement Network, Treasury’s watchdog for financial crimes, including terrorist financing, money laundering and fraud, is seeking comment on a plan...