News Topic: AML

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. ... Read full article

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. ... Read full article

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

Fed governor again calls for using the countercyclical buffer at banks; bank borrowing from Fed on pace for lowest total ever. ... Read full article

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic. ... Read full article

The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit. ... Read full article

Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more. ... Read full article

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing. ... Read full article

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance. ... Read full article

The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths. ... Read full article

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers. ... Read full article

The ECB and BaFin say dual roles “could undermine” bank's restructuring efforts; JPM shifts cash into long-term bonds because of capital rules. ... Read full article

CEO tells employees he wants them to be 'impatient' in fixing the bank’s woes; the new independent body would police banks’ compliance with AML regulations. ... Read full article

Treasury Secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year. ... Read full article

Beneficial-ownership legislation is within the banking industry’s reach, but the prospect of new regulatory burdens for small businesses is forcing lawmakers to choose sides. ... Read full article

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months. ... Read full article

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start. ... Read full article

It's time to establish a fintech commission. ... Read full article