AML

Citi affiliate settles AML violations probe tied to Mexico-bound remittances

05/22/17

Banamex USA will pay $97.4 million to the Justice Department over widespread anti-money-laundering abuses.

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Does MoneyGram sale to Chinese firm pose cyber, AML risks?

05/18/17

The Trump administration must weigh risks to national security in its review of the $1.2 billion deal. Its decision will shed light on whether — given the president’s “America First” rhetoric — Chinese investment is still welcome in the U.S. financial services sector.

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With dry powder and limited options, Investors makes big push in C&I

05/18/17

The former New Jersey mutual is stepping up efforts to court bigger commercial clients. The move will help Investors diversify its loan book and deploy capital while it is barred from buying banks.

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Pot banking advocates optimistic despite hostility from Trump administration

05/17/17

Advocates for the cannabis industry took to Capitol Hill on Wednesday to lobby for bank protections that would help legitimize the industry and give it access to financial services.

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Snowden: ‘Know your customer’ laws do ‘bupkis’ to stop terrorism

05/15/17

The laws that force banks to know their customers are good at catching petty criminals and “wannabe” terrorists, but can’t thwart sophisticated bad actors, argues whistleblower Edward Snowden.

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The bank of the future: A (digital) financial mall

05/09/17

In the way that Gap and Victoria's Secret are ubiquitous in the malls dotting the suburban landscape, it is unlikely fintech partners will be exclusive to one bank.

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Dumped by U.S. counterparts, Latin American banks tighten AML controls

05/01/17

Money laundering in Latin America is said to be worsening and a corruption probe in Brazil adds to the worries, but Latin American banks are fighting hard to preserve business with U.S. banks.

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New small-business credit score is byproduct of federal rule

04/28/17

The beneficial ownership regulation, meant to catch financial criminals, has produced data that is useful in making small-business loans, LexisNexis Risk Solutions says.

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Higher expenses soften gains at Investors Bancorp

04/28/17

The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues.

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The Bancorp returns to profitability after turbulent 2016

04/27/17

The Delaware company reported loan growth and, for the first time in months, no charges tied to an outstanding regulatory order.

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