Post the New FLSA and EPPA Posters to Avoid Increased Penalties
Getting the new posters is important because of the increase in penalties for poster violations that took effect in July.
Compliance and Risk
ABA Rejects Proposal to Expand Money Laundering Risk Assessment
ABA today urged the Office of Management and Budget to reject the OCC’s proposed changes to its Bank Secrecy Act/Money...
Nichols Tackles Myths About Reg Burden in Politico Op-Ed
In the wake of prominent assertions that Dodd-Frank has had little to no negative effect on community banks and that...
FinCEN Issues Advisory on Email Compromise Fraud
With email compromise schemes -- in which criminals fraudulently persuade individuals and companies to transfer funds -- on the rise,...
ABA Seeks Clarified Exam Procedures on MLA Changes
With the Oct. 3 compliance deadline for the Department of Defense’s Military Lending Act rule bearing down, ABA today requested...
Global Regulatory Coordinators Continue Moves to Stem ‘Derisking’
The Basel, Switzerland-based Financial Stability Board published a report recently outlining steps taken in response to a decline in the...
Treasury Expands Ukraine, Russia-Related Sanctions
The Treasury Department’s Office of Foreign Assets Control today imposed sanctions against 37 new individuals and entities related to the...
Trades Raise Concerns About MLA Compliance Timeline
The American Bankers Association and several financial trade associations today wrote to the heads of the federal regulatory agencies raising...
Agencies Issue Fact Sheet on AML, Sanctions Enforcement
The Treasury Department and the federal banking agencies issued a fact sheet today to communicate expectations about anti-money laundering and...
