Agencies Issue Statement on Sharing Resources for BSA Compliance
The financial regulatory agencies and the Financial Crimes Enforcement Network today issued a joint statement outlining how banks may enter ...
Tag: Anti-money laundering
FinCEN, Agencies Provide CIP Relief for Premium Finance Loans
The Financial Crimes Enforcement Network and the financial regulatory agencies today announced an exemption from the customer identification program rules ...
Compliance and the Cannabis Conundrum
For an industry caught between state and federal law, a change can’t come soon enough.
FinCEN Grants Relief from CDD Rule for CDs, Auto-Renewals
The Financial Crimes Enforcement Network on Friday announced that it would grant relief from beneficial ownership requirements for certificate of ...
Challenges Facing Bank Boards
A conversation with M&A attorney Rodgin Cohen
Podcast: Legalized Cannabis and Considerations for Bankers
As more and more states legalize the use and sale of marijuana, more and more banks are finding themselves caught ...
Known Risk Indicators Enrich Quality of AML Board Reports
How can bank directors equip themselves when it comes to approving programs and policies for financial crimes?
Banks and the Cannabis Conundrum
The gray area of marijuana-related businesses makes it a difficult judgment call for banks—regardless of their policies on cannabis customers.
ABA, Trade Groups Urge Fixes to CFPB Remittance Rule
As part of the Consumer Financial Protection Bureau’s ongoing feedback initiative, ABA and its transaction banking subsidiary BAFT, joined by ...
Reps. Pearce, Luetkemeyer Introduce ABA-Backed BSA Reform Bill
Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced an ABA-supported bill that would update several elements of the ...
