ABA Questions FinCEN Analysis of Due Diligence Rule
The Financial Crimes Enforcement Network’s evaluations of the regulatory impact of its proposal to enhance customer due diligence requirements fail ...
Tag: Bank Secrecy Act
OCC: Underwriting and Cyber Risk Are On the Rise
The Office of the Comptroller of the Currency will make credit risk and cyber risk a focus over the coming ...
FinCEN Chief: Include IP Addresses in SARs
Financial institutions should include IP addresses and other cyber-derived information in the Suspicious Activity Reports they file, Financial Crimes Enforcement ...
ABA: Reg Burden Key to Correspondent Banking Declines
ABA in a comment letter yesterday to the Bank for International Settlements voiced its support for three of the four ...
FinCEN Director: BSA Reporting is Crucial Part of Financial Intelligence
FinCEN Director Jennifer Shasky Calvery, speaking at the ABA/ABA Money Laundering Enforcement Conference today, stressed the need for financial institutions ...
Once Bitten, Twice Shy
As large financial institutions shed riskier clients, are community bankers prepared for those potential customers to come knocking?
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 ...
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 ...
