ABA joined more than 580 trade associations representing a broad range of industries in a letter yesterday urging members of Congress to include targeted and temporary liability protections as part of the next COVID-19 relief package.
ABA joined a group of more than 480 trade groups representing a broad range of industries in a letter to Congress yesterday urging support for liability relief provisions included in S. 4317, the Safe to Work Act—the coronavirus bill released by Senate Republicans earlier this week.
Deputy Attorney General Rod Rosenstein today signaled that the Department of Justice is reviewing a policy announced under the Obama administration that sought to increase prosecutions of individuals in corporate wrongdoing cases.
Chief compliance officers find themselves caught between a rock and a hard place when reporting AML violations.
For compliance and BSA officers, personal liability is something that comes with the job.
The New York State Department of Financial Services today finalized its anti-money laundering rule for financial institutions chartered in the state.
A look at how the Yates Memo holds individuals accountable for corporate wrongdoing.
As data breaches continue to make news and cost banks money, it’s worth remembering that—as with every risk in banking—the final responsibility for addressing cybersecurity risks rests with the board of directors.
Although the ruling is limited to Wisconsin, the decision weakens the personal liability protection of bank officers.
Results from ABA’s 2015 Bank Insurance Survey Report show that bankers expect most of their insurance premiums to remain the same or, in some cases, decrease for the next renewal cycle. Most banks saw estimated premiums rise for cybersecurity, property insurance and financial institution bond policies, among others.