Tag: Know your customer

The order permits banks to obtain TIN information from a third party rather than the customer as long as the ...

Saved by the bell? Millions of American businesses faced a January 1 deadline to register their beneficial owners with the ...

In a letter yesterday, ABA urged the Financial Crimes Enforcement Network to make changes to the form that entities will ...

Financial institutions should not wait for a central registry to come online. Banks benefit by becoming proactive right now.

The federal banking agencies and the Financial Crimes Enforcement Network today issued a statement reminding banks of the risk-based approach ...

The Financial Crimes Enforcement Network issued a statement reminding banks of how to apply a risk-based approach to conducting customer ...

As the Financial Crimes Enforcement Network works to implement the Corporate Transparency Act—an ABA-advocated provision of the Anti-Money Laundering Act ...

Banks should have a step-by-step plan on how to handle cyber-attacks, including securing whatever data possible and quickly notifying law ...

In response to the Financial Crimes Enforcement Network’s proposed rule for a beneficial ownership registry, ABA said today in a ...

As FinCEN works to create a long-awaited database of beneficial ownership information—a key provision of the Anti-Money Laundering Act of ...