Browsing: Compliance

Compliance

Ahead of a Senate Banking Committee hearing tomorrow on beneficial ownership, the American Bankers Association wrote to committee members calling for the establishment of a federal registry of beneficial ownership information that banks could use to facilitate compliance with FinCEN’s customer due diligence rule.

Compliance

The Financial Crimes Enforcement Network today reissued its geographic targeting orders temporarily requiring U.S. title insurance companies in specified areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.

Compliance

In a joint comment letter with the Bank Policy Institute and the Consumer Bankers Association yesterday, ABA offered support for a recent FDIC proposal seeking to make changes to Part 370 of its regulations for “recordkeeping for timely deposit insurance determination.”

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