ABA Urges Additional Clarity on Model Risk Management for BSA/AML Compliance
The American Bankers Association filed comments today urging the federal banking agencies and the Financial Crimes Enforcement Network to provide ...
Tag: Anti-money laundering
Yellen: Funding Needed for FinCEN’s Beneficial Ownership Database, CDFIs
Ahead of the release of the president’s budget tomorrow, Treasury Secretary Janet Yellen told House appropriators that funding is needed ...
Fed Proposes Guidelines for Payments System Access
In a significant move today, the Federal Reserve proposed new guidelines that it will use when evaluating requests for master ...
ABA Recommends Standards for FinCEN Beneficial Ownership Registry
As the Financial Crimes Enforcement Network prepares to create a new beneficial ownership registry, ABA made several recommendations that should ...
A Field Guide to Coming AML/BSA Reforms
Recent legislative changes will keep banks’ Bank Secrecy Act officers busy for years to come. Here’s a CEO’s-eye view of ...
ABA, State Bankers Associations Urge Lawmakers to Pass SAFE Banking Act
In two letters to House leaders today, the American Bankers Association and 51 state bankers associations expressed support for the ...
Treasury Announces Significant Sanctions against Russian Entities, Individuals
The Treasury Department today announced a number of sanctions against Russian entities and individuals, following an executive order from President ...
How to Contend With a 21st Century Ransom Note
Ransomware attacks are becoming more numerous, sophisticated and costly, especially during the COVID-19 pandemic.
FinCEN Outlines Upcoming Work on Corporate Transparency Act
The Financial Crimes Enforcement Network’s Director of the Office of Regulatory Policy Barry Emmert today previewed the implementation process for ...
Banking Agencies Provide Guidance on Model Risk Management
The federal banking agencies and the Financial Crimes Enforcement Network today issued a statement on the use of the “Supervisory ...
