Banking agencies allow banks to collect CIP data from third parties
The order permits banks to obtain TIN information from a third party rather than the customer as long as the...
Compliance and Risk
ABA Viewpoint: Banking has changed, and so should the rules around bank mergers
Three decades on, the test for bank mergers no longer reflects the competitive marketplace.
BIS: Stablecoins fail as ‘sound money’
Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary...
Podcast: Inside ABA’s new Treasury Check Verification System API
ABA's new Treasury Check Verification System platform is live. ABA anti-fraud experts Paul Benda and Hannah Ibberson discuss the platform...
FinCEN targets three Mexican institutions with alleged ties to fentanyl trafficking
FinCEN issued orders identifying three Mexico-based financial institutions as being of primary money laundering concern in connection with illicit opioid...
Fed, OCC debut supplementary leverage ratio reform proposal
The Federal Reserve and the OCC unveiled a series of proposed changes to the enhanced supplementary leverage ratio standards for...
ABA launches online Treasury check verification platform
ABA launched a new online platform that will enable member banks to easily verify government checks and their payee information...
Powell addresses reputational risk, leverage ratios at House hearing
The use of reputational risk by bank supervisors was a problem the Federal Reserve Board came to understand only over...
FDIC issues regulatory relief guidance for Tennessee
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...
FATF updates list of jurisdictions with anti-money laundering deficiencies
The Financial Action Task Force has updated its lists of jurisdictions with strategic deficiencies in countering anti-money laundering, the financing...
