US agencies have issued a joint statement reminding banks that no customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing, or other illicit financial activity. Consequently, they say banks… Read More ›
The Senate Committee on Banking, Housing and Urban Affairs has held hearings and is considering changes to the current Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements, and a draft bill amending the BSA has been proposed. Amongst other… Read More ›
January 2015 has seen a flurry of activity in the US in terms of the Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance. The Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC) and the Financial Crimes… Read More ›