Chief Compliance Officers in the Hot Seat
Chief compliance officers find themselves caught between a rock and a hard place when reporting AML violations.
Tag: Anti-money laundering
FinCEN Expands Geographic Targeting Orders to Include Honolulu
The Financial Crimes Enforcement Network today further expanded the scope of its geographic targeting orders temporarily requiring certain U.S. title ...
ABA Recommends Changes to BSA/AML Regulations
In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money ...
Bipartisan Group of Lawmakers Calls for Better Exam Coordination
In a letter to Treasury Secretary Steven Mnuchin yesterday, a group of bipartisan lawmakers urged Treasury to prioritize policy changes ...
Basel: Global Correspondent Banking Relationships Continue Decline
The number of worldwide correspondent banking relationships continues to decline, according to new figures released yesterday by the Basel, Switzerland-based ...
Treasury Steps Up Pressure on North Korean-Linked Entities
The Financial Crimes Enforcement Network today announced steps to safeguard the U.S. financial system against illicit North Korean financial activity.
Florida Banker: BSA/AML Rules Must Change with the Times
The regulatory framework put in place to prevent money laundering and stop the financing of terrorist activity should be updated ...
U.S., Saudi Arabia Enhance Counter-Terrorist Financing Capabilities
As part of President Trump's overseas trip, the Treasury Department yesterday announced an agreement to establish a Terrorist Financing Targeting ...
ABA, Groups: Proposed Remittance Transfer Fees Could Drive Transactions Underground
Eight financial trade associations -- including ABA -- wrote to members of Congress today opposing the Border Wall Funding Act ...
