FinCEN: Financial institutions reported $27 billion in elder financial exploitation
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022...
Compliance and Risk
Nefarious uses of deepfake tech
Criminals have introduced a new and disturbing wrinkle in today’s cybersecurity landscape.
ABA: Proposed investment adviser, real estate reporting rules need refinement
Two proposals to create new Bank Secrecy Act rules for investment advisers and professionals involved in certain residential real estate...
FinCEN warns of financial fraud with counterfeit passport cards
FinCEN, in coordination with the U.S. State Department, issued a notice to financial institutions on fraud schemes related to the...
Treasury: AI-fueled cyber threats bring new challenges
Deepfakes, the imperative of third-party risk management and global regulatory fragmentation are leading concerns.
Rethinking operational risk in the Basel III endgame
Proposed changes in operational risk capital requirements account for the vast majority of expected capital increases, with a predictable result...
DOJ issues final rule on digital accessibility for state, local governments
The Justice Department released its final rule to revise the regulation implementing Title II of the Americans with Disabilities Act...
ABA urges FinCEN to rethink currency transaction report requirements
A FinCEN proposal to renew without change its information collection requirements for currency transaction reports, or CTRs, severely underestimates the...
Bank identification requirements for payable-on-death beneficiaries: Which rule applies?
Also: The Unlawful Internet Gambling Act and account re-opening.
Fed’s Barr says liquidity pressures have eased since Silicon Valley Bank
Banking regulators are no longer seeing the liquidity pressures on banks that they saw following the failure of Silicon Valley...
