FinCEN: Financial institutions flagged nearly $5B linked to suspected human smuggling
While depository institutions filed only 3% of BSA reports on possible human smuggling, their reports accounted for approximately 61%, or ...
Tag: Bank Secrecy Act
ABA: More work needed to harmonize BSA/sanctions requirements for stablecoin issuers
ABA supports requiring stablecoin issuers to comply with the Bank Secrecy Act and sanctions requirements, but proposed rulemaking to establish ...
FinCEN issues statement on Bank Secrecy Act compliance, Venezuelan disaster aid
FinCEN will not take any supervisory or legal actions against U.S. financial institutions for providing authorized financial services in Venezuela ...
ABA seeks equal treatment for all institutions under proposed stablecoin BSA, sanctions rule
ABA supports the OCC’s proposed approach to treat stablecoin issuers like financial institutions for Bank Secrecy Act and sanctions compliance, ...
FinCEN to finalize revised beneficial ownership reporting rule ‘very soon’
In addition, ABA said that while it applauded recent steps taken by the Treasury Department and FinCEN to modernize the ...
Fed seeks comments on changes to AML program rules, aligns with other agencies
Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention ...
FinCEN issues alert on fuel smuggling schemes linked to Mexican cartels
FinCEN issued a supplemental alert for financial institutions on suspicious activity connected to Cartel de Jalisco Nueva Generacion and other ...
OCC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
OCC proposed regulations to implement Bank Secrecy Act and sanctions requirements for payment stablecoin issuers. The rulemaking was issued in ...
Podcast: Understanding bank regulators’ guidance on illegal immigration
On the ABA Banking Journal Podcast, ABA's Heather Trew breaks down recent news about the president's executive order on illegal ...
ABA backs proposed overhaul of BSA program rule
ABA said it strongly supports the shift toward risk-based compliance in a proposed overhaul of the Bank Secrecy Act program ...
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