Financial Transparency Coalition

The U.S. Treasury Department’s financial crime network said Wednesday it issued a request for comments pertaining to a rule it wants to propose that would mandate due diligence obligations on financial institutions.

The Economist published a chart today which shows a disturbing trend in American business.  Economist.com’s Daily Chart shows the number of “suspicious activity reports” which were reported to the Financial Crimes Enforcement Network (FinCEN) at the US Treasury Department for each year between 1997 and 2008. I’ll let the graph speak for itself: To read

WASHINGTON (Reuters) - Cash reporting requirements for U.S. banks may be expanded to non-bank residential mortgage lenders and originators, a federal agency that polices financial crimes said on Wednesday.