ABA Files Comments to FinCEN on Proposed Anti-Money Laundering Regs for Investment Advisers
ABA on October 30 filed comments to the Financial Crimes Enforcement Network on its proposed rule to define investment advisers ...
Tag: Bank Secrecy Act
Free Compliance Magazine Story Focuses on ‘Know Your Customer’
The November/December issue of ABA Bank Compliance magazine, now available online for subscribers, features a cover story on getting right ...
FinCEN Withdraws Proposed Rulemaking against Lebanese Canadian Bank SAL
The Financial Crimes Enforcement Network (FinCEN) is withdrawing its proposed rulemaking to impose special measures against Lebanese Canadian Bank SAL ...
FinCEN Chief: ‘Unusual Number’ of Credit Unions Not Filing SARs, CTRs
Many credit unions have not filed any Bank Secrecy Act-mandated Suspicious Activity Reports or Currency Transaction Reports for the past ...
Who Should Have Personal Liability for Compliance Failures?
Courts and prosecutors are increasingly finding chief compliance officers personally liable for compliance lapses—and CCOs are watching carefully.
Bill from Oregon, Colorado Senators Would Foster Marijuana Banking
The four senators from Colorado and Oregon -- the first two states to remove legal restrictions on recreational marijuana -- ...
FinCEN Underscores Culture of Compliance at BSA Conference
In remarks at the 2015 Bank Secrecy Act Conference in Las Vegas, Nevada on June 18, the Financial Crimes Enforcement ...
ABA Seeks Clearer Guidance from FinCEN on Andorra Bank Proposal
In a comment letter filed this week, ABA and the Clearing House expressed their support to the Financial Crimes Enforcement ...
FinCEN Fines Virtual Currency Company, Launches BSA Exams
Recent actions by the Financial Crimes Enforcement Network indicate that regulatory pressure on virtual currency companies is heating up.
