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 ...
Tag: Anti-money laundering
Biden to Seek Additional Funding for FinCEN’s Beneficial Ownership Database
President Biden is seeking a $191 million in funding for the Financial Crimes Enforcement Network—a $64 million increase from FY ...
2021 Compliance Priorities, Updated
A quarter into the year, a quick check on how key areas are changing, with some important suggestions.
Blanco to Step Down as FinCEN Director, Acting Director Announced
The Financial Crimes Enforcement Network director Ken Blanco will step down on April 9, the agency announced today.
FinCEN Seeks Input on Creation of Beneficial Ownership Database
As part of its efforts to implement provisions of the Anti-Money Laundering Act of 2021—the first significant changes to Bank ...
ABA Urges Lawmakers to Advance SAFE Banking Act
In a letter to several members of the House Financial Services Committee today, the American Bankers Association expressed support for ...
Agencies Update BSA/AML Examination Manual
The Federal Financial Institutions Examination Council today released updates to its Bank Secrecy Act/anti-money laundering examination manual.
Capturing These Three Data Types Can Transform Your Fraud Monitoring
Viewing financial fraud through the eyes of bad actors is the key to stopping it.
ABA Urges Interagency Coordination on SAR Exemption Rules
The American Bankers Association wrote to the federal banking agencies today urging them to pursue a single interagency rulemaking instead ...
Amid Rising Uncertainty, a Path Forward
A look at ABA’s government relations agenda for 2021
