ABA today filed its third comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter covered several issues related to flood insurance and money laundering, including currency transaction reports, suspicious activity reports and BSA exams.
FDIC surveys banks on anti-money laundering compliance costs
The FDIC has launched a survey on the costs of compliance with anti-money laundering and countering the financing of terrorism regulations, according to a notice published in the Federal Register.