Sens. Cruz, Lee Introduce ABA-Backed Anti-‘Choke Point’ Bill
Sens. Ted Cruz (R-Texas) and Mike Lee (R-Utah) yesterday introduced an ABA-supported bill intended to rein in the Justice Department’s ...
Tag: Derisking
Update Your BSA/AML Strategy to Align With Growth Trajectory
Lower risk doesn’t necessarily mean lower profits. Banks must proactively update their AML strategies to align with a growth trajectory.
ABA Urges New York to Drop Proposed AML Regulation
In a comment letter to the New York State Department of Financial Services, the American Bankers Association urged the agency ...
Curry: OCC Considering Guidance on De-risking
The OCC is taking a closer look at how banks make decisions to terminate business or correspondent relationships to avoid ...
Szubin: Risks Should be Managed, Not Avoided Altogether
Speaking at the ABA/ABA Money Laundering Enforcement Conference today, Acting Treasury Undersecretary Adam Szubin stressed the importance of healthy correspondent ...
Basel Report Outlines Action on Correspondent Banking Decline
The Basel, Switzerland-based Financial Stability Board published a report today on the decline in international correspondent banking activity and actions ...
Once Bitten, Twice Shy
As large financial institutions shed riskier clients, are community bankers prepared for those potential customers to come knocking?
Bill from Oregon, Colorado Senators Would Foster Marijuana Banking
The four senators from Colorado and Oregon -- the first two states to remove legal restrictions on recreational marijuana -- ...
FATF Plenary Meets in Brisbane, Welcomes New FATF President
The Financial Action Task Force (FATF) Plenary held in Brisbane, Australia on June 26 adopted a number of reports including ...
