News stories tagged BSA/AML
Featured Story
BSA/AML Certification Conference with CUNA
LIVE IN-PERSON, SCHOOL & CONFERENCE, RECORDED Event Date: November 05 – November 09, 2023 Location: Omni Las Colinas Hotel, Irving, TX NASCUS members receive CUNA member pricing. To receive this...
Recent Developments in Anti-Money Laundering Podcast
Please join Consumer Financial Services Partner Chris Willis and his colleague and fellow Partner Jordi de Llano as they discuss recent developments in anti-money laundering. In this episode, the attorneys...
Marijuana & Bitcoin: Father and Son Caught Running $13M Empire from Starbucks
A father and son in Washington have been sentenced to five years in prison for running an illegal $13 million marijuana business alongside a lucrative Bitcoin-for-cash money laundering scheme. The...
Proposal explores real estate cash purchase reporting
(Dec. 10, 2021) Real estate buyers using cash to purchase residential or commercial properties would be subject to new reporting requirements aimed at spoiling money laundering schemes under a new...
New section of BSA/AML exam manual released
(Dec. 3, 2021) One new section – focusing on assessments of money laundering practices — and updates to three existing parts of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual...
Agencies vow to alter rules reflecting new AML/CFT priorities
(July 2, 2021) Plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for combatting money laundering and financing of terrorism were outlined this week in...
Exam council updates BSA/AML manual
(June 25, 2021) Updates to four sections of the BSA/AML manual for examiners were announced by the FFIEC this week, with the intention of offering “further transparency into the examination...
Agencies seek feedback on BSA/AML guidance
(April 16, 2021) NCUA and other federal agencies are seeking feedback on how well four-year-old guidance for complying with anti-money laundering and Bank Secrecy Act (AML/BSA) requirements is working for...
BRIEFLY: Today is ‘joint ownership share accounts’ rule day; Cannabis safe harbor bill to be intro’d (again); PPP deadline extended to May 31; NCUA plans BSA/AML webinar April 14; Reminder: Pierre Jay Awards presented April 22
(March 26, 2021) Today is the effective date of NCUA’s new rule on joint ownership share accounts, which essentially permits the use of records other than signed membership cards or...
Agencies update 4 sections of BSA/AML exam manual
(Feb. 26, 2021) Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by NCUA, federal banking regulators and the State Liaison Committee of...
NASCUS backs exemptions from SARs
(Feb. 26, 2021) A comment letter supporting NCUA’s proposed rule about credit union exemptions from filing suspicious activity reports (SARs) has been submitted by NASCUS, which also some recommendations for...
Four summaries outline key, recent issues
(Feb. 19, 2021) Four new summaries have been posted by NASCUS, looking at recent actions from NCUA, which include: two regulatory alerts, a final rule on supervisory guidance, and (along...