The Status of BSA/AML Regulatory Reform

The Status of BSA/AML Regulatory Reform

The AML community has been watching the progress of H.R. 6068, the Counter Terrorism and Illicit Finance Act, the legislation that proposes regulatory reform for the Bank Secrecy Act (BSA) reporting requirements. There are solid arguments made both for and against the bill. 

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Digital Currency Makes It to the Sanctions Lists

Digital Currency Makes It to the Sanctions Lists

Digital currency addresses linked to online wallets have been added to the Specially Designated Persons List in response to charges brought by the U.S. Justice Department against an Iranian hacking cell. This joint action between the Justice Department and the U.S. Treasury Department marks the first time digital currency identifiers have been added to flag targets on the Sanctions List.

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The Modernization of BSA

The Modernization of BSA

There is a lot of chatter in today’s regulatory arena about “modernizing” regulations put in place over 30 years ago to align with today’s society and banking practices. The conversation is mainly focused around modernizing the Bank Secrecy Act (BSA) and the Community Reinvestment Act (CRA) with the introduction of H.R. 6068. 

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ACAMS Regulatory Roundtable: AML Hot Topics

ACAMS Regulatory Roundtable: AML Hot Topics

At the ACAMS Annual AML & Financial Crime Conference in early October, a regulatory roundtable represented by FinCEN, OCC, FDIC, OCIE, and FRS, was rich with AML hot topics that the supervising institutions are seeing while examining financial institutions.

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Celebrating BSA/AML Superheroes – Arlene Mejias, CAMS

Celebrating BSA/AML Superheroes – Arlene Mejias, CAMS

In honor of National Financial Crime Fighter Day on Friday, October 26, we're highlighting five BSA professionals and their biggest BSA/AML win. Read on to learn how Jessica Broad got involved in compliance and how she helped save a customer almost $10,000 in a scam. 

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Celebrating BSA/AML Superheroes – Patty Fisher

Celebrating BSA/AML Superheroes – Patty Fisher

In honor of National Financial Crime Fighter Day on Friday, October 26, we're highlighting five BSA professionals and their biggest BSA/AML win. Read on to learn how Jessica Broad got involved in compliance and how she helped save a customer almost $10,000 in a scam. 

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