AML

Another victim of bank de-risking: nonprofits

02/07/17

Two-thirds of U.S. nonprofit organizations with operations in foreign countries have been affected by banks’ de-risking practices, according to a report released Tuesday.

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Thomson Reuters makes two deals in a hot identity space

02/06/17

The information giant agreed to buy two data businesses from the DTCC as regulators' demands for transparency fuel calls for shared industrywide solutions.

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KYC vs. data privacy: Can this fintech thread the needle?

02/01/17

Cambridge Blockchain, a startup that bills its technology as a solution for banks to the competing regulatory imperatives of transparency and privacy, has raised $2 million through a convertible note.

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Regulators hit BB&T over anti-laundering deficiencies

01/27/17

Federal and state regulators on Friday announced that BB&T has agreed to a consent order over weaknesses in its Bank Secrecy Act and anti-money-laundering program.

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Investors Bancorp, Bank of Princeton call off planned merger

01/24/17

The deal had been delayed since Investors had been hit with a BSA-related regulatory order.

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Money laundering enforcement: Lessons from the Western Union case

01/20/17

Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.b

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Western Union admits to money laundering, fraud crimes

01/19/17

The global money transmitter will pay $586 million and implement an anti-fraud program in order to resolve allegations that it enabled widespread misconduct by some of its employees.

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Squaring privacy with ID checks and compliance on the blockchain

01/18/17

Justin Newton, founder and CEO of Netki, discusses the barriers to commercialization of bitcoin, how his startup is trying to solve the problem, why private blockchains are useful and why public ones will eventually become more valuable.

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Will Trump give banks a break on BSA? Don't bet on it

01/18/17

While the Trump administration could relax other bank regulations, it is unlikely that it would ease up when it comes to money-laundering compliance.

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The anti-laundering penalty box

01/13/17

Violations of Bank Secrecy Act and anti-money-laundering compliance remains a hot topic for financial institutions as regulators can bar them from branch building and bank acquisitions. Here are some notable regulatory actions that are still unresolved.

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