The proposal calls for banks to make their compliance programs "risk-based" and pledges to emphasize "systemic" flaws with anti-money laundering programs rather than "isolated" shortcomings.

The Federal Reserve has proposed a new rule to modernize anti-money laundering (AML) oversight for banks, aiming to ...

The BSA-AML Compliance Group is excited to share an early preview of the agenda for the Annual BSA/AML Gaming Conference, the most respected and comprehensive anti-money laundering compliance event ...

The Bank Secrecy Act (BSA) is one of several federal statutes that establish prohibitions and requirements related to anti-money laundering (AML) enforcement. It is also one of several federal ...

The Bank Secrecy Act (BSA) program requirements are going to change. On June 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) to strengthen ...

On June 18, the Texas Department of Banking and the Colorado Division of Banking entered a consent order with a money transmitter, imposing a ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

Several other high-level government officials — state and federal, civil and criminal — will be announced in the near future. The conference will also host experts from commercial and tribal casinos, ...

The OCC on Monday released new Bank Secrecy Act guidance that simplifies anti-money laundering examination procedures for community banks, a significant tailoring effort they say is aimed at reducing ...