Today we are very pleased to welcome guest blogger Greg Baer, who will address a series of significant issues posed by a detailed paper published by The Clearing House, a banking association and payments company that is owned...more
5/9/2017
/ ACH Payments ,
AML/CFT ,
AUSA ,
Banking Sector ,
BSA/AML ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Patriot Act ,
Regulatory Standards ,
Risk Management ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding
The Joint Committee of the European Supervisory Authorities (ESA) issued on February 10, 2017 draft rules regarding certain anti-money laundering (AML) and counter-terrorism steps for Member States of the European Union (EU)....more
2/13/2017
/ AML/CFT ,
Anti-Money Laundering ,
BSA/AML ,
Cross-Border Transactions ,
EU ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Member State ,
Money Laundering ,
Money Transmitter ,
Payment Systems ,
Proposed Rules ,
Regulatory Oversight ,
Terrorism Funding ,
Terrorist Financing Regulations
The U.S. Department of the Treasury and four U.S. federal banking regulators have issued the "Joint Fact Sheet on Foreign Correspondent Banking" in an effort to clarify enforcement priorities regarding Anti-Money Laundering...more
9/2/2016
/ AML/CFT ,
Anti-Money Laundering ,
Banking Sector ,
Banks ,
BSA/AML ,
Depository Institutions ,
Due Diligence ,
Foreign Correspondent Banking ,
Foreign Financial Institutions (FFI) ,
International Monetary Fund ,
U.S. Treasury