Congress is considering a new draft bill, the Counter Terrorism and Illicit Finance Act (“CTIFA”), currently in committee in the Senate. The CTIFA proposes the most substantial overhaul to the Bank Secrecy Act (“BSA”) since...more
1/23/2018
/ Anti-Money Laundering ,
Beneficial Owner ,
BSA/AML ,
Currency Transaction Reports (CTR) ,
Customer Due Diligence (CDD) ,
Financial Regulatory Reform ,
FinCEN ,
Legal Entities ,
Legislative Agendas ,
Proposed Legislation ,
Risk Assessment ,
Risk Management ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding ,
Terrorist Financing Regulations
PANA Issues Recommendations to European Parliament: Tougher Enforcement, Greater Transparency, Improved Information Sharing and Prohibitions Against Outsourcing of Customer Due Diligence....more
10/27/2017
/ Banking Sector ,
BSA/AML ,
Customer Due Diligence (CDD) ,
EU ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Offshore Funds ,
Panama Papers ,
Popular ,
Regulatory Oversight ,
Suspicious Activity Reports (SARs) ,
Tax Avoidance ,
Tax Evasion