Tag: Know your customer

The American Bankers Association joined eight financial trade associations in a letter of strong support for the 2021 National Defense ...

A truly comprehensive approach to managing risk will require the financial sector to mitigate concerns about collaborating with competitors.

Privacy issues matter more than ever, especially in light of European and U.S. regulations regarding how consumer information can be ...

The federal banking agencies and the Financial Crimes Enforcement Network today announced an exemption from customer identification program rules for ...

ABA joined a broad coalition of advocacy groups from different industries in a letter urging House and Senate Armed Services ...

By implementing a few changes, banks’ financial crime and compliance teams can become more agile, efficient and effective in a ...

Effective anti-money laundering compliance processes during challenging times require team collaboration, committing to communication and paying attention to guidance.

The Financial Crimes Enforcement Network has issued a final rule establishing minimum standards for anti-laundering programs for institutions lacking a ...

The federal financial regulatory agencies today issued a joint statement addressing how financial institutions should apply a risk-based approach to ...

The Financial Crimes Enforcement Network today published three frequently asked questions regarding customer due diligence requirements.