At its annual Law Enforcement Awards ceremony today, the Financial Crimes Enforcement Network recognized several state and federal law enforcement agencies for their work using information reported by financial institutions under the Bank Secrecy Act in their criminal investigations.
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…and more insights from ABA’s Compliance Center Inbox in the May/June issue of the ABA Banking Journal.
At the end of a whirlwind week in Washington, James Ballentine — head of congressional relations at ABA — recaps the action at the ABA Government Relations Summit.
The OCC’s top policy priorities are changing regulations on the Community Reinvestment Act, the Bank Secrecy Act and small-dollar lending, Comptroller of the Currency Joseph Otting said today at ABA’s Government Relations Summit.
Rep. Blaine Luetkemeyer (R-Mo.) today pledged that “we’re going to work hard to make sure [the S. 2155 regulatory reform measure] gets through” the House “as quickly as possible.”
A rule that initially seemed rather straightforward has yielded multiple devils in the details.
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?