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 ...
Tag: Anti-money laundering
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 ...
Seeing the Forest for the Trees
Strong hiring practices and savvy system management help smaller institutions keep pace with evolving AML regulations.
BAFT Comments on Proposed Revisions to AML/CFT Guidance
BAFT -- ABA’s global transaction banking subsidiary -- commented last week on the Basel Committee’s proposed revisions to its guidance ...
Personal Liability: When Should You Worry?
For compliance and BSA officers, personal liability is something that comes with the job.
FinCEN Updates List of AML/CFT Jurisdictions
The Financial Crimes Enforcement Network today released a revised list of the jurisdictions that are subject to countermeasures or enhanced ...
