The Financial Services Information Sharing and Analysis Center last week announced an arrangement with the Federal Reserve Banks to provide direct access to FS-ISAC security threat information to over 10,000 of their financial institution customers. Under the terms of the agreement, FS-ISAC will allow the Federal Reserve Banks to provide their customers with access to the Weekly Risk Summary report, designed for community institutions and delivering timely and actionable information on significant security threats to board and C-level personnel.
FinCEN to exempt U.S. companies from beneficial ownership reporting
FinCEN posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to the agency under the Corporate Transparency Act.