Assistant AG: DOJ Considers Involving CCOs in Corporate Resolutions
In all of the Department of Justice’s corporate resolutions regarding AML compliance violations—including guilty pleas, deferred prosecution agreements or non-prosecution ...
Tag: Bank Secrecy Act
FDIC: Banks Reporting More Sophisticated Cyber Attacks Since Start of Pandemic
Since the start of the pandemic, banks have reported more sophisticated cyber attacks, said Lisa Arquette, associate director of the ...
Treasury Official: Russian Invasion Prompts Need to Rethink ‘Culture of Compliance’
Speaking at an industry event today, Elizabeth Rosenberg, assistant secretary for terrorist financing and financial crimes at the Treasury Department, ...
OCC Finalizes Rule Allowing Exemptions from SAR Requirements
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the OCC finalized a rule that would ...
CISA Deputy Director Says No Uptick in Cyberattacks, Urges Banks to Report Suspicious Activity
Cybersecurity and Infrastructure Security Agency Deputy Director Nitin Natarajan told bankers today at the American Bankers Association’s Washington Summit that ...
ABA Makes Recommendations for Improving AML Rules
As the Financial Crimes Enforcement Network works to update its anti-money laundering framework, ABA today urged FinCEN to continue working ...
ABA Proposes Changes to FinCEN Beneficial Ownership Registry Rules
In response to the Financial Crimes Enforcement Network’s proposed rule for a beneficial ownership registry, ABA said today in a ...
FinCEN Proposes SAR Information Sharing Pilot Program
The Financial Crimes Enforcement Network today issued a notice of proposed rulemaking to establish a pilot program for financial institutions ...
Regulators Preview Forthcoming BSA/AML Rule Changes
As FinCEN works to create a long-awaited database of beneficial ownership information—a key provision of the Anti-Money Laundering Act of ...
FinCEN Observes Increase in Wildlife Trafficking SARs
Suspicious activity reports related to wildlife trafficking—which includes the illicit trade of protected animals, animal parts and derivatives thereof in ...
