AML

Banks wrestle with coronavirus challenges; Swedbank’s AML fine

03/20/20

Some banks have closed branches or restricted access and bank tech resources are being overwhelmed; bank pays a record SKr4 billion ($400 million) for issues.

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Virus focus further dashes banks’ hopes of pot banking, AML reform

03/16/20

Financial institutions’ legislative agenda was already a low priority in Congress. Lawmakers’ efforts to stabilize the economy have shifted attention even farther away from bills that would benefit the industry.

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More coronavirus challenges for banks; RBS delays

03/12/20

Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank.

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Unity Bancorp in N.J. braces for BSA-related consent order

03/05/20

The company said it expects to enter into the order with the FDIC and its state regulator later this month.

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Banks deal with coronavirus; Fed finalizes bank capital rules

03/05/20

Banks make emergency preparations as HSBC deals with confirmed case; the changes simplify regulations without posing additional systemic risks, the Fed says.

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Coronavirus is latest test for Europe’s banks; UBS CEO heading to Swiss Re

03/03/20

The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021.

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Bitcoin doesn’t launder money, Mr. Mnuchin. Money launderers do.

03/02/20

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

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CFPB case hearing ahead; Amex accused of aggressive sign-up tactics

03/02/20

The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants.

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Fed terminates enforcement actions against four large banks

02/13/20

The three cease and desist orders and one written agreement had cited separate concerns at JPMorgan Chase, Discover, Deutsche Bank and RBS.

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A new kind of British invasion: Regtech hackathons

02/11/20

Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S.

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