The OCC’s top policy priorities are changing regulations on the Community Reinvestment Act, the Bank Secrecy Act and small-dollar lending, Comptroller of the Currency Joseph Otting said today at ABA’s Government Relations Summit.
Browsing: Anti-money laundering
Rep. Blaine Luetkemeyer (R-Mo.) today pledged that “we’re going to work hard to make sure [the S. 2155 regulatory reform measure] gets through” the House “as quickly as possible.”
A rule that initially seemed rather straightforward has yielded multiple devils in the details.
The Financial Crimes Enforcement Network today published a long-expected set of frequently asked questions on expanded customer due diligence requirements under the Bank Secrecy Act.
The number of worldwide correspondent banking relationships continues to decline, according to new figures released today by the Basel, Switzerland-based Financial Stability Board.
The newest episode of the ABA Banking Journal Podcast offers insights from four speakers at this week’s National Conference for Community Bankers in Honolulu.
Confirming that the U.S.’ Southwest border is at high risk for money laundering activity, the Government Accountability Office found in a recent review that bank branches in that region filed more than twice as many Suspicious Activity Reports than banks in other high risk areas.
FinCEN’s rule on customer due diligence takes effect this May. Is your bank ready?
ABA compliance experts break down what bankers can expect in 2018.
ABA and several other financial groups yesterday thanked Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) for introducing an anti-money laundering and counter-terrorist financing modernization bill that will help prevent criminals from using shell companies to hide illicit activity.