ABA Urges New York to Drop Proposed AML Regulation
In a comment letter to the New York State Department of Financial Services, the American Bankers Association urged the agency ...
Tag: Anti-money laundering
OCC Issues Warning About Fraudulent Correspondence
The OCC today warned bank CEOs and examiners of three different variations of fictitious correspondence currently in circulation, claiming to ...
FinCEN Issues Prepaid Card FAQs
The Financial Crimes Enforcement Network today issued guidance on highlighting the regulatory expectations for nonbank sellers of prepaid cards.
ABA Shares Reg Relief Ideas in Final EGRPRA Letter
ABA today filed its fourth and final comment letter in response to the decennial EGRPRA regulatory burden review that the ...
Curry: OCC Considering Guidance on De-risking
The OCC is taking a closer look at how banks make decisions to terminate business or correspondent relationships to avoid ...
GAO Report Examines Effects of Proposed AML Legislation
The Government Accountability Office today published a report examining whether information that would be collected under a proposed Remittance Status ...
New York Proposes AML Monitoring Requirements
The New York State Department of Financial Services is proposing a new anti-money laundering regulation that would apply to all ...
Participation in MLRS Proposed for All OCC-Supervised Banks
The OCC is seeking comments on proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment, or MLRS, which evaluates ...
FinCEN Proposes Tweaks to CTR Filings
The Financial Crimes Enforcement Network is proposing changes to the Currency Transaction Reports banks file under the Bank Secrecy Act ...
ABA Report: Banks Stopped $11 Billion in Fraud Attempts in 2014
The nation’s banks stopped more than $11 billion in fraudulent transactions in 2014, according to ABA’s 2015 Deposit Account Fraud ...
