New York City-based Community Federal Savings Bank, a partner to Wise and Crypto.com, faces an enforcement action over what ...

The FDIC, along with the OCC and NCUA, and the Financial Crimes Enforcement Network (FinCEN) have proposed changes to the ...

The EU AML Regulation (AMLR) introduces expanded and harmonized definitions of politically exposed persons (PEPs), alongside ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The Bank Secrecy Act (BSA) program requirements are going to change. On June 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) to strengthen ...

Bank-affiliated stablecoin issuers will now be expected to comply with the same anti-money laundering and sanctions ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The Anti-Money Laundering Act of 2020 (AMLA) is the most significant anti-money laundering (AML) legislation since the USA PATRIOT Act was enacted twenty years ago. It contains important provisions ...

The Office of the Comptroller of the Currency assessed a $70 million civil money penalty against Citibank for failing to comply with the agency’s 2012 consent order related to Bank Secrecy Act and ...

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 ...

In implementing the debanking executive order, the OCC and other federal banking regulators have removed "reputation risk" as a factor that financial institutions are expected to consider in assessing ...