Browsing: Compliance/Risk


The American Bankers Association joined a group of financial trade associations in a letter to Senate Banking Committee leaders endorsing the Illicit Cash Act, a bipartisan bill introduced today that would create a secure beneficial ownership registry of legal entities, to be overseen by the Financial Crimes Enforcement Network and the Treasury Department.


With a vote expected on H.R. 1595, the SAFE Banking Act, as early as tomorrow, ABA today wrote to House leaders offering support for the bipartisan bill, which would provide clarity about serving legitimate cannabis businesses.

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