How Can I Provide a Housing Counselor List to an Overseas Borrower?
...and other answers to your compliance questions in the November/December 2019 ABA Regulatory Policy and Compliance Inbox.
Tag: Know your customer
House Passes ABA-Advocated AML Modernization Bill in Bipartisan Vote
The House today voted to pass the ABA-backed Corporate Transparency Act (H.R. 2513). The legislation, sponsored by Rep. Carolyn Maloney ...
ABA, State Associations Urge House to Pass AML Modernization Bill
ABA and the state bankers associations today urged the House to pass the Corporate Transparency Act (H.R. 2513), which is ...
Podcast: What Legislative and Regulatory AML/BSA Changes Mean for Banks
Next week, the House is expected to vote on two ABA-backed, bipartisan bills to modernize the anti-money laundering/Bank Secrecy Act ...
Avoiding a Risky Customer Conundrum
Four principles for mitigating the BSA/AML risks of banking higher-risk clients.
FinCEN’s Blanco Warns on Account Takeover Risk from Fintech Aggregators
The Financial Crimes Enforcement Network is seeing “a high amount of fraud” enabled through synthetic identities and account takeovers via ...
State Bankers Associations Support Beneficial Ownership Bill
A group of 51 state bankers associations today wrote to House Financial Services Committee leaders in support of H.R. 2513, ...
House Financial Services Committee Advances BSA/AML Bill
The House Financial Services Committee today voted to advance H.R. 2514—an American Bankers Association-backed bill introduced by Rep. Emanuel Cleaver ...
ABA, Trade Groups Call for National Beneficial Ownership Registry
As the House Financial Services Committee today held a hearing on the financial crime, the American Bankers Association joined eight ...
FinCEN, Agencies Provide CIP Relief for Premium Finance Loans
The Financial Crimes Enforcement Network and the financial regulatory agencies today announced an exemption from the customer identification program rules ...
