News stories tagged BSA/AML

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...

FAQs look at proposed effectiveness of AML requirements

(Jan. 22, 2021) Suspicious activity reporting and other anti-money laundering (AML) requirements are subjects of new frequently asked questions (FAQs) issued by NCUA, federal banking regulators and the Treasury’s Financial...

States offer insights into improving AML effectiveness

(Nov. 20, 2020) The state system made several recommendations for improving anti-money laundering (AML) effectiveness in a comment letter to federal law enforcement, responding to a call for comments issued...

BRIEFLY: BSA/AML eSchool earns accreditation; comments due Jan. 4 on supervisory guidance proposal

(Nov. 6, 2020) Continuing its streak of accreditation, the NASCUS-CUNA BSA/AML Certification eSchool – now underway through Dec. 7 – has again been certified for continuing education units (CEUs) by...