A Flurry of AML/BSA Enforcement Cases
These enforcement actions highlight regulators’ expectation that financial institutions implement robust anti-money laundering/Bank Secrecy Act compliance programs.
Browsing: Bank Secrecy Act
Podcast: The Challenges of Banking on the U.S.-Mexico Border
The requirements of the Bank Secrecy Act pose a significant challenge for his bank due in part to the interconnected nature of the border region economy.
Otting: OCC Sees Fewer MRAs Issued for AML Concerns
Comptroller of the Currency Joseph Otting today expressed his positive view of banks’ efforts to comply with anti-money laundering regulations.
Rep. Waters Previews Plans for Housing Finance, BSA/AML Reform
In remarks at the American Bankers Association Washington Summit today, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) previewed several policy initiatives that the committee will pursue under her leadership, including housing reform, cannabis and Bank Secrecy Act/anti-money laundering reform.
Compliance in 2019: What to Expect and Where to Focus
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
CFPB Analysis of SARs Finds Elder Financial Abuse Widespread, Costly
The number of Suspicious Activity Reports filed on suspected elder financial abuse quadrupled from 2013 to 2017, rising to 63,500 that year, according to new figures published today by the Consumer Financial Protection Bureau.
At Super Bowl, U.S. Bank Tackles Human Trafficking
One bank put its financial intelligence capabilities to work helping law enforcement tackle the Super Bowl sex trafficking surge.
Podcast: How U.S. Bank Tackled Human Trafficking around the Super Bowl
Along with major sporting events like the Super Bowl comes a tragic increase in victims of sexual trafficking in that city.
Positioning for Pro-Growth Policy
Setting ABA’s government relations agenda for 2019.
Rep. McHenry Calls for Hearings on Several Priority Issues
House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Chairman Maxine Waters (D-Calif.) today urging her to hold hearings on a number of critical financial services issues, including several American Bankers Association priorities.