AML

Crypto firms can't skirt AML compliance: Fincen chief

10/21/19

Kenneth Blanco's tough comments appeared to target payments providers that offer their users anonymity.

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Dimon says Libra 'will never happen'

10/18/19

The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.

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Reg concerns about Libra ‘should be no surprise’: Fed’s Brainard

10/16/19

With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism.

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Small banks can use tech to make their size an advantage in AML compliance

10/16/19

New tech can help banks with less cumbersome systems track suspicious activity more effectively.

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PayPal exit from Facebook project shows power of D.C.’s disapproval

10/09/19

The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.

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Senate pot banking bill may add weapon to fight money launderers

10/04/19

As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.

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California gives more cover to firms banking pot businesses

10/03/19

Officials said Thursday that they will not take regulatory action against state-chartered banks and credit unions solely for serving licensed cannabis businesses.

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Impeachment fight derailing banking bills? Think again

10/03/19

Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.

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Libra members ready to bail?; report predicts big job cuts at banks

10/02/19

Facebook calls an emergency meeting about its planned payments network; Well Fargo report says 200,000 jobs will be lost to robots and technology.

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Senators formally introduce bipartisan AML reform bill

09/26/19

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

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