The Financial Crimes Enforcement Network today reissued its geographic targeting orders temporarily requiring U.S. title insurance companies in specified areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.
Browsing: Anti-money laundering
The federal banking agencies plan to reintroduce the examination manual for anti-money laundering/Bank Secrecy Act compliance later this year, Comptroller of the Currency Joseph Otting told the Senate Banking Committee today.
The Financial Crimes Enforcement Network today issued guidance on how its regulations apply to money transmission involving convertible virtual currencies.
The House Financial Services Committee today voted to advance H.R. 2514—an American Bankers Association-backed bill introduced by Rep. Emanuel Cleaver (D-Mo.) that would modernize the Bank Secrecy Act/anti-money laundering framework.
ABA today joined eight industry trade groups in a letter of support for two anti-money laundering bills being considered by the House Financial Services Committee this week.
These enforcement actions highlight regulators’ expectation that financial institutions implement robust anti-money laundering/Bank Secrecy Act compliance programs.
The requirements of the Bank Secrecy Act pose a significant challenge for his bank due in part to the interconnected nature of the border region economy.
Comptroller of the Currency Joseph Otting today expressed his positive view of banks’ efforts to comply with anti-money laundering regulations.
Sens. Cory Gardner (R-Colo.) and Elizabeth Warren (D-Mass.) and Reps. Earl Blumenauer (D-Ore.) and David Joyce (R-Ohio) today introduced the States Act, a bipartisan bill that aims to resolve the conflict between state and federal laws on marijuana.