Fed Approves M&T, Hudson City Deal
The Federal Reserve today approved the acquisition of Hudson City Bancorp, Paramus, N.J., by the Buffalo, N.Y.-based M&T Bank Corporation.
Tag: Anti-money laundering
U.S. Revises Cuba Sanctions Regulations
The Departments of the Treasury and Commerce announced additional revisions to the Cuban Assets Control Regulations (CACR) and Export Administration ...
ABA Compliance Center Inbox, September/October 2015
ABA staff answer frequently asked compliance questions.
Joint Plan of Action Sanctions Relief with Iran Extended; Treasury Issues Statement
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on July 14 released a statement on the ...
OCC: Credit, Compliance Risk Growing in 2015
Noting an environment of “high” credit, strategic, compliance and operational risk, the OCC outlined nine priorities for ongoing midsize and ...
FATF Plenary Meets in Brisbane, Welcomes New FATF President
The Financial Action Task Force (FATF) Plenary held in Brisbane, Australia on June 26 adopted a number of reports including ...
Treasury: U.S. Money-Laundering Totals $300B Annually
Approximately $300 million is laundered annually through the United States, most of it connected to fraud and drug trafficking, the ...
Banks Join DOJ’s Swiss Bank Program
The Justice Department announced last week that four banks — Société Générale Private Banking (Lugano-Svizzera), MediBank AG, LBBW (Schweiz) AG, ...
Agencies Begin Third Phase of Expanded EGRPRA Review
The Federal Reserve, FDIC and OCC on Friday launched the third round of comments in the decennial Economic Growth and ...
