AML

Pot banking goes to Washington: 3 takeaways

02/13/19

Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.

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U.S. scolds Europe for targeting territories on dirty-money list

02/13/19

The European Union drew a rebuke from the U.S. for including Puerto Rico, the U.S. Virgin Islands and other overseas territories on a blacklist of 23 jurisdictions posing higher risks of money laundering and terrorist financing.

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Softbank in big fintech push; Analyzing BB&T-SunTrust deal

02/08/19

The company’s investment in a small business lender is said to be the biggest ever in Europe; the merger may raise questions from regulators, spur more mergers.

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House panel schedules long-awaited hearing on pot banking

02/06/19

The Feb. 13 hearing marks a turning point in long-running efforts in Washington to ease bankers' fears about serving the cannabis industry.

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House passes bills to tackle illicit use of virtual currencies

01/29/19

The bipartisan legislation would establish a task force to study how bad actors exploit new technologies and reward tips that lead to criminal convictions, among other things.

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Fed examines Deutsche’s Danske role; Wells loses another executive

01/24/19

The bank says regulators want information about its possible role in the money laundering scandal; Kristi Mitchem moves to BMO Global Asset Management.

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House banking's top Republican calls for hearing on Brexit impact

01/23/19

Rep. Patrick McHenry, R-N.C., the ranking member of the House Financial Services Committee, urged Chairwoman Maxine Waters, D-Calif., to prioritize certain "critical areas" in the new Congress.

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Barr eases pot banking concerns, but banks still in limbo

01/18/19

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

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Fed not an impediment to fintechs' charter ambitions: OCC's Otting

01/16/19

Some in the industry worry the Fed may balk at allowing OCC charter recipients into the payments system, but Otting downplayed those concerns.

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More fallout from rising rates?; BlackRock looks ahead

01/10/19

Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO.

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