AML

Money laundering battle drives Japan banks to JPMorgan’s network

12/10/19

JPMorgan Chase & Co.’s blockchain-based information network for payments is drawing the greatest interest in Japan, a country long blamed for weak measures against money laundering.

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Fighting terrorism while helping immigrants a tricky balancing act

12/10/19

The leader of a new Compliance and Payments Task Force dives into how it will address emerging issues of counterterrorism financing in the digital age.

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Goldman's small world; Bitcoin’s woes go beyond price

12/09/19

The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.

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Credit card issuers bulk up; Diversity still a challenge for banks

12/06/19

Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest.

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Banking hemp no longer requires filing SARs: Regulators

12/03/19

The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements.

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Will the fintech bubble burst?; banks using customer data for retail offers

12/03/19

The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.

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Is Goldman changing its tune?; The rise of credit unions

12/02/19

The bank is likely to tout asset management at its upcoming investor day; credit union assets have exceeded banks' growth in the past decade.

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Is it now or never for AML reform?

11/28/19

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

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Schwab, TD Ameritrade deal announced; Fannie, Freddie guarantees debated

11/25/19

The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.

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Fed eyeing banks’ technology vendors; Wells questioned on fees

11/22/19

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

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