The Financial Crimes Enforcement Network today published a long-expected set of frequently asked questions on expanded customer due diligence requirements under the Bank Secrecy Act.

The newest episode of the ABA Banking Journal Podcast offers insights from four speakers at this week's National Conference for Community Bankers in Honolulu.

Confirming that the U.S.’ Southwest border is at high risk for money laundering activity, the Government Accountability Office found in a recent review that bank branches in that region filed more than twice as many Suspicious Activity Reports than banks in other high risk areas.

FinCEN’s rule on customer due diligence takes effect this May. Is your bank ready? 

ABA compliance experts break down what bankers can expect in 2018.

ABA and several other financial groups yesterday thanked Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) for introducing an anti-money laundering and counter-terrorist financing modernization bill that will help prevent criminals from using shell companies to hide illicit activity.

The Justice Department has revoked prior guidance on enforcement of federal marijuana laws in states where the drug has been legalized, Attorney General Jeff Sessions said today in a memo to federal prosecutors.

In the latest episode of the ABA Newsbytes Podcast, taped before a live audience at the ABA/ABA Financial Crimes Enforcement Conference, Evan Sparks interviews former law enforcement official and community bank BSA officer Ryan Rasske about trends in anti-money laundering, Bank Secrecy Act and fraud issues -- particularly the growing confluence of these programs within banks.

The Financial Crimes Enforcement Network will formalize FinCEN Exchange, a new forum to facilitate public- and private-sector information sharing on financial crimes data, Sigal Mandelker told the ABA/ABA Financial Crimes Enforcement Conference today.

As the banking industry prepares to implement the Financial Crimes Enforcement Network’s final beneficial ownership rule, FinCEN Acting Director Jamal El-Hindi today said that the agency is considering additional guidance to help address lingering questions from financial institutions ahead of the May 2018 compliance deadline.