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.
Browsing: Bank Secrecy Act
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.
ABA announced that Sigal Mandelker, the Treasury Department’s undersecretary for terrorism and financial crimes, has joined the list of keynote speakers that will address attendees to this year’s ABA/ABA Financial Crimes Enforcement Conference.
A conversation about emerging financial crimes trends with ABA’s Ryan Rasske.
Is the Farm Credit System subject to FinCEN’s final rule on beneficial ownership with respect to customer due diligence requirements?
More than a third of bankers say they expect to spend more money on their Bank Secrecy Act and anti-money laundering programs over the next year, according to a new benchmarking survey by the consulting firm RSM.