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 ...
Tag: Anti-money laundering
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
Using Artificial Intelligence to Make Sense of Mountains of Data
Regulators are largely embracing AI advancements.
Accurately Assessing Financial Crime Risk at Midsize Banks in 2021
By streamlining their anti-money laundering operations, banks will not only maintain their defenses, but also their market share.
Federal Banking Agencies Issue FAQs on Suspicious Activity Reporting
The federal banking agencies on Tuesday issued a set of frequently asked questions providing clarity about suspicious activity reporting and ...
AML Innovation and Whistleblower Provisions of the NDAA Mean Important Changes Ahead
Modernization efforts will likely be accompanied by increased enforcement activity. A strong culture of compliance will be more critical than ...
