Alexa Levy

Ballard Spahr LLP

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Latest Posts › Customer Due Diligence (CDD)

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The FFIEC’S Third 2021 Update to the BSA/AML Examination Manual

On December 1, 2021, the Federal Financial Institutions Examination Council (“FFIEC”) released updates to its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (the “Manual”), which provides guidance to...more

12/17/2021 / BSA/AML , Customer Due Diligence (CDD) , FFIEC , Financial Institutions , Politically Exposed Person (PEPs)

U.S. Passes Historic BSA/AML Legislative Change

First Blog Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime - Change is upon us. The U.S. House and Senate have passed – over a Presidential veto – the National Defense Authorization Act...more

1/5/2021 / Anti-Money Laundering , Bank Secrecy Act , Banking Sector , Beneficial Owner , BSA/AML , Customer Due Diligence (CDD) , Financial Institutions , FinCEN , National Security , Terrorism Funding

FATF Identifies Red Flags for Virtual Assets and Money Laundering

The Financial Action Task Force (FATF) recently published a report titled Virtual Assets: Red Flag Indicators of Money Laundering and Terrorist Financing. The report discusses a number of red flag indicators of suspicious...more

9/18/2020 / AML/CFT , Customer Due Diligence (CDD) , Cyber Attacks , Digital Assets , FATF , Financial Institutions , Know Your Customers , Money Laundering , Virtual Currency

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