Q: Under the Anti-Tying Rule, would a bank be prohibited from requiring a person to have a deposit or loan account at the bank in order to get a safe deposit box? A: No. Requiring a customer to have an account relationship with the bank does not violate anti-tying rules. The anti-tying rule specifically allows a bank to condition both ...

The Financial Crimes Enforcement Network today announced that Jennifer Shasky Calvery will step down as director at the end of May.

The OCC today announced that Donna Murphy has been named deputy comptroller for compliance risk.

Financial Crimes Enforcement Network Director Jennifer Shasky Calvery today shed light on FinCEN’s recently issued Geographic Targeting Orders aimed at high-end, all cash real estate transactions Manhattan, N.Y., and Miami-Dade County, Fla.

In a comment letter today, ABA criticized the Financial Crimes Enforcement Network’s proposed revisions to the Bank Secrecy Act Currency Transaction Report form.

Lower risk doesn’t necessarily mean lower profits. Banks must proactively update their AML strategies to align with a growth trajectory.

In a comment letter to the New York State Department of Financial Services, the American Bankers Association urged the agency to withdraw a proposed anti-money laundering regulation that would apply to all financial institutions chartered in the state.

The OCC today warned bank CEOs and examiners of three different variations of fictitious correspondence currently in circulation, claiming to come from the OCC or other government entities.

The Financial Crimes Enforcement Network today issued guidance on highlighting the regulatory expectations for nonbank sellers of prepaid cards.

ABA today filed its fourth and final comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter addressed several issues that ABA identified through collaboration with banks of all sizes and from across the country.