KYC

Rep. Maloney fights to hold seat in New York

06/24/20

A key Democrat on the House Financial Services Committee, Rep. Carolyn Maloney has a slim lead over a primary challenger, Suraj Patel, a progressive political activist and New York University Professor.

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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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Banks' digital outreach efforts amid coronavirus crisis fall short

04/06/20

Few lenders are finding creative ways to provide much-needed financial advice and emergency services online.

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Bankers to get help with spotting human trafficking

01/30/20

The American Bankers Association said it’s offering a new online course because of increased demand by members for training tailored to banking.

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‘Fintech as a service’ provider Rapyd becomes Durable Capital’s first investment

12/03/19

Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.

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Is it now or never for AML reform?

11/28/19

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.

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Shell-company bill drives wedge between banking, small business

10/28/19

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.

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House passes bill to crack down on shell companies

10/22/19

The Corporate Transparency Act would require companies to report their true owners to the Financial Crimes Enforcement Network, removing the burden of banks to collect beneficial ownership information about their clients.

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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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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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