Government money-laundering watchdogs have proposed an overhaul of rules that dictate how financial institutions avoid the crime and prevent terrorism ...

The BSA-AML Compliance Group is thrilled to announce the return of the Annual BSA/AML Gaming Conference, the most respected and comprehensive anti-money laundering compliance event in the gaming ...

The Bank Secrecy Act (BSA) is one of several federal statutes that establish prohibitions and requirements related to anti-money laundering (AML) enforcement. It is also one of several federal ...

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 ...

On May 22, the FDIC Board of Directors approved an NPRM that would implement BSA/AML and sanctions compliance standards applicable to ...

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Document that the AML program is effective, risk based, and reasonably designed. Maintain separate documentation of program design and execution. Draft clear descriptions of the roles 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 ...

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 ...