AML

Warren, Van Hollen seek Senate probe of Deutsche Bank's missteps

12/13/18

Sen. Elizabeth Warren is joining with a fellow Senate Democrat Chris Van Hollen in seeking a Banking Committee investigation of Deutsche Bank's compliance with U.S. safeguards against money laundering.

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CRA strife, fintech charter, updating AML: Inside Otting's first year

12/12/18

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.

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Blockchain hype, Mulvaney's BCFP, pot banking: Top stories of the week

12/07/18

Blockchain backers concede the hype is turning off bankers; Mulvaney's CFPB name change could cost industry millions of dollars; the one banking bill Congress might actually pass next term; and more from this week's most-read stories.

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Investors Bancorp freed from BSA-related regulatory order

12/07/18

The New Jersey company terminated an acquisition after being hit with the order in 2016.

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Fed rejects Wells fix-it plan; more trouble for Deutsche Bank

12/07/18

The move means the cap on asset growth may stay in place longer; the German bank reportedly processed 80% of the money laundered through Danske Bank.

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CFPB catches flak from banks, credit unions on risks of AI

12/06/18

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

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Is regulators' green light on AML tech a game changer?

12/05/18

Bank and credit union regulators issued a statement giving institutions the go-ahead to try artificial intelligence and other emerging tech to detect money laundering. It's just what some institutions have been waiting for.

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Fed seeks market data from banks; Regulators encourage new technology

12/04/18

The Fed wants more information on Treasury and mortgage-backed securities; will overlook compliance failures resulting from pilot programs.

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Swelling corporate debt could come back to bite banks: OCC

12/03/18

The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP.

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Agencies push banks to use AI, other means to fight launderers

12/03/18

The federal regulators said in a joint statement that they will take a bank's level of innovation into account in supervising its anti-money-laundering procedures.

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