JD Supra

FFIEC BSA/AML Examination Manual Updates Reveal Exam Process and Expectations

On April 15, 2020, the Federal Financial Institutions Examination Council (“FFIEC”) released updates to the Bank Secretary Act/Anti-Money Laundering (“BSA/AML”) examination manual (the “Manual”). As ...
American Banker

PPL Gold CU Adds Edcomm Banker s Academy s BSA, AML Training

ALLENTOWN, Penn. – PPL Gold Credit union has signed with Edcomm Banker’s Academy to use the company’s Bank Secrecy Act and Anti Money Laundering online training for the next three years. The credit ...
Law

FinCEN's Advance Notice of Proposed Rulemaking: How Financial Institutions Can Enhance AML Programs and Prepare for Changes Ahead

On Sept. 16, 2020, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an Advance Notice of Proposed Rulemaking (ANPRM) to strengthen the national anti-money ...
Law

The Importance of Staying Up to Date With BSA/AML Requirements

In 1970, Congress passed the Bank Secrecy Act. At the time, the BSA was the first legislation created to specifically fight money laundering in the United States. The BSA requires businesses to keep ...