Hearing Set for Cannabis Banking

Hearing Set for Cannabis Banking

A hearing is scheduled on Wednesday, February 13 titled “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses” before a subcommittee of the House Financial Services Committee.

more →
Phishing for BSA Officers

Phishing for BSA Officers

Scammers have studied and found vulnerabilities in workflows within financial institutions and are exploiting them with phishing emails, targeting BSA officers. 

more →
FDIC Releases Updated BSA Technical Assistance Video

FDIC Releases Updated BSA Technical Assistance Video

2018 was quite a year for BSA/AML professionals. With just a few days left in the year, the FDIC released an updated technical assistance video on BSA and AML to cover the current requirements and changes in federal laws and regulations since its original release date in 2013.

more →
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. 

more →
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.

more →