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Simple English definitions for legal terms

FINCEN

Read a random definition: CAN-SPAM Act of 2003: Businesses Promoted by Spammers

A quick definition of FINCEN:

FINCEN: An abbreviation for Financial Crimes Enforcement Network. It is a government agency that works to prevent and detect financial crimes such as money laundering and terrorist financing. They collect and analyze information from financial institutions and other sources to help law enforcement agencies investigate and prosecute financial crimes.

A more thorough explanation:

Definition: FINCEN is an abbreviation for Financial Crimes Enforcement Network. It is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat money laundering, terrorist financing, and other financial crimes.

Example: When a bank receives a large deposit of cash, they are required to report it to FINCEN. This is because large cash deposits can be a sign of illegal activity, such as drug trafficking or tax evasion. FINCEN will then analyze the information and investigate any suspicious activity.

Explanation: The example illustrates how FINCEN collects and analyzes information about financial transactions to identify potential financial crimes. By requiring banks to report large cash deposits, FINCEN can identify suspicious activity and investigate further. This helps to prevent money laundering and other financial crimes.

financing statement | find

General

General chat about the legal profession.

General >T14 Off Topic

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TreponemaPallidum

11:44

Penne Penne Penn?

whenpigsfly

11:44

omg penn

shaquilleoatmeal

11:44

@Trismegistus: real one

Trismegistus

11:44

thats only one person tho

Mostlylegal

11:45

MASSIVE penn wave

Trismegistus

11:45

does penn call or portal?

lilypadfrog

11:46

@Trismegistus: twin when did you apply? I applied in mid nov

cumsock

11:47

35% spike in applicants this cycle what the fuckkkkk

Mostlylegal

11:47

i applied 5 days ago, should i be worried i missed this wave

Trismegistus

11:47

all my apps are oct- to mid nov, except nyu which was dec

Trismegistus

11:47

penn was oct

PuppyBot

11:47

why does everyone want to be a lawyer

PuppyBot

11:47

jacking my style all of a sudden

cumsock

11:49

"But I also want to end on this note. Don't be afraid of being wrong. And what I mean by that is, being wrong about a school. I applied to Princeton coming out of high school and didn't get in. I ended up going to Vanderbilt. I could never see myself having gone anywhere but Vanderbilt." -Spivey

cumsock

11:49

this type of advice makes me so pissed like brotha

Trismegistus

11:50

why

whenpigsfly

11:51

omg another penn

whenpigsfly

11:51

its happening

BulbasaurNoLikeCardio

11:51

@shaquilleoatmeal: I am now 31 and in group chats with people in their 50s and in their early 20s, as long as it isn't something weird being in the meme chat is chill

Trismegistus

11:51

are people fucking with me or what

siroracle

11:51

The crux of the advice is apply to worse schools and take what ya get

Trismegistus

11:52

does penn call or update to portal/ email?

cumsock

11:52

@Trismegistus: cus how does not getting into the best school in the country and "settling" for one of the most prestigious schools in vandy help anyone realistically

SickToughBulldog

11:52

@Trismegistus: ^^^^

whenpigsfly

11:52

p sure they call

cumsock

11:52

ig it only helps people who are ab to jump off a bridge if they dont get into YLS

Trismegistus

11:53

@cumsock: yeah, im not sure really, i think it's just that, life is what you make it, peace with your fate once it happens? idk, i agree with you though

HopefullyInLawSchool

11:53

Another day another dollar

KnowledgeableRitzyWasp

11:53

@cumsock: yeah lmao guy is such a prick, my bad i had to settle for vandy

lilypadfrog

11:54

he is a terrible writer. his personal writing blog is shockingly bad

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