On June 22, the OCC issued a notice of proposed rulemaking to implement BSA/AML and sanctions compliance standards for permitted payment ...

The proposal seeks to mitigate illicit finance risks while protecting the US financial system and national security interests.

The Bank Secrecy Act (BSA) program requirements are going to change. On June 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) to strengthen ...

The OCC on Monday released new Bank Secrecy Act guidance that simplifies anti-money laundering examination procedures for community banks, a significant tailoring effort they say is aimed at reducing ...

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King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

The Anti-Money Laundering Act of 2020 (AMLA) is the most significant anti-money laundering (AML) legislation since the USA PATRIOT Act was enacted twenty years ago. It contains important provisions ...

In implementing the debanking executive order, the OCC and other federal banking regulators have removed "reputation risk" as a factor that financial institutions are expected to consider in assessing ...