United States:
Federal Bank Regulatory Agencies Release Joint Statement On Risk-Based Approach To BSA/AML Supervision
To print this article, all you need is to be registered or login on Mondaq.com.
On July 22, the Federal Reserve Board, FDIC, Office of
the Comptroller of the Currency (OCC),
National Credit Union Administration
(NCUA) and the Treasury Department's
Financial Crimes Enforcement Network
(FinCEN) released a joint statement outlining the
agencies' risk-based approach to examining banks' BSA/AML
compliance programs. Release.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.