AML

Michigan bank hires turnaround expert to tackle long list of challenges

06/01/20

Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.

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6 key Senate races for bankers to watch

05/29/20

Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.

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Should banks fear a blue wave in November?

05/21/20

If Democrats retake both the White House and Senate in the 2020 election, analysts see threats to the industry from the appointment of new regulators and possible reversal of Trump-era deregulation. But legislation imposing new rules on financial institutions would face long odds.

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The Bancorp freed from 2014 consent order tied to BSA compliance

05/18/20

The order's removal allows the Delaware company to pursue more opportunities in its payments business.

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Coronavirus scams are proliferating. Smart tech can stop them.

05/15/20

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.

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AI startup Deep Labs lands $16M in funding commitments

05/14/20

The company, which develops "persona-based intelligence," software counts Visa and American Express among its clients.

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Fed reprimands Deutsche Bank; Senate Democrats want PPP answers

05/14/20

The German bank’s money laundering controls are still not up to snuff, among other problems; three Democrats say banks may have shortchanged small-business borrowers.

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EU plans joint money-laundering cop after years of bank scandals

05/07/20

The European Union is taking another small step toward setting up a common authority to fight money laundering in the bloc, after a string of revelations over the last two years exposed fundamental flaws of its framework.

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PPP reload nearing; Treasury eyes blocking stimulus check garnishment

04/21/20

The administration and Congress are said to be close to adding $310 billion to the small business loan program; the department is looking at whether it can prevent banks from seizing government checks.

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Community banks call for AML relief in next coronavirus aid package

04/14/20

A trade group says suspending so-called beneficial owner rules would help financial institutions make more small-business loans through the Paycheck Protection Program.

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