On April 15, 2020, the Federal Financial Institutions Examination Council (“FFIEC”) released updates to the Bank Secretary Act/Anti-Money Laundering (“BSA/AML”) examination manual (the “Manual”). As ...

The banks involved in the collaborative arrangement need to ensure that the shared resource conducting the BSA/AML independent testing is qualified and not involved in other BSA/AML functions at the ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. At the same time, financial institutions face a shortage of qualified BSA ...

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 ...

Community banks have been reluctant to share resources for Bank Secrecy Act compliance more than a year after regulators signaled an openness to the practice. Only a handful of banks have begun ...

WASHINGTON — Five federal agencies on Wednesday detailed how community banks and credit unions may share resources to improve Bank Secrecy Act and anti-money-laundering compliance in certain ...

This year's event features presentations from some of the most influential figures in financial crime enforcement and policy: Guy Ficco, Chief of IRS-Criminal Investigation (CI), who oversees a global ...

When it comes to the media, anti-money laundering schemes make for a great story. Television dramas display gangsters and mob bosses with an intricate web of lackeys at their disposal for complex wire ...

USAA Federal Savings Bank (FSB) must pay $140 million as part of two separate consent orders reached with the Financial Crimes Enforcement Network (FinCEN) and Office of the Comptroller of the ...