The Financial Crimes Enforcement Network today issued a statement describing its approach to Bank Secrecy Act enforcement and the factors it evaluates in determining the appropriate response to and enforcement of BSA violations.
The high court electrified its docket by deciding to hear two cases on the Consumer Financial Protection Bureau’s leadership structure and the Securities and Exchange Commission’s enforcement power.
The Consumer Financial Protection Bureau today issued a policy statement outlining how it intends to cite and challenge “abusive” conduct in supervision or enforcement actions.
The Consumer Financial Protection Bureau wants to spur innovation in the use of artificial intelligence and machine learning in financial services, CFPB Director Kathleen Kraninger said today.
The relationship between anti-money laundering professionals and law enforcement has never been more important. AML professionals can follow these practical steps to enhance the usefulness and effectiveness of their SARs.
President Trump yesterday issued an executive order formalizing the administration’s position that guidance documents issued by federal regulatory agencies are not legally binding, and that any legally binding requirements must be issued through regulation.
The federal banking agencies are working to reduce excessive supervisory burdens through automation and shared data submission, Consumer Financial Protection Bureau Director Kathy Kraninger said today at the ABA Regulatory Compliance Conference in New Orleans.
The Consumer Financial Protection Bureau today announced that it will change its policy on civil investigative demands to improve transparency.
Rep. Blaine Luetkemeyer (R-Mo.) today introduced a bill that would require federal regulatory agencies when issuing guidance documents to clearly state that those documents are not legally binding.
The federal banking agencies are issuing a revised policy on interagency cooperation in enforcement action that reflects present-day practice at the respective agencies.