Notices and information from other, related federal agencies of interest (FinCEN, etc.)
“Trump accounts” – a custodial-style, traditional individual retirement account (IRA) for children 18 and younger – will be accessed through a phone app as their main interface, which the Treasury Department launched Thursday, the agency […]
A new executive order directs federal financial regulators within 90 days to conduct reviews of their rules, processes and other mechanisms that could be updated to facilitate innovation and improve the competitiveness of financial products […]
Assisting banks to identify and stop money laundering in support of Iran’s Islamic Revolutionary Guard Corps (IRGC) is the aim of an alert issued Monday by the Treasury’s top financial crimes unit. The same unit, […]
Providing an “appropriately tailored regime to mitigate potential illicit finance risks” with the use of payment stablecoins — while promoting “innovation” in the digital vehicles — is the aim of a proposed rule issued Wednesday […]
A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday […]
Two pages on interest rate risk (IRR) analysis will now be featured in the Uniform Bank Performance Report (UBPR), used by banks and other financial institutions, to improve its readability, the umbrella group for federal […]
Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation […]
Banks will no longer have to file suspicious activity reports (SARs) with the term “SKN Passport” in the narrative for transactions involving investors in the Caribbean nation of St. Kitts and Nevis, the Treasury’s financial […]
A requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account has been removed for some banks and credit unions by the Treasury’s financial […]
Banking industry consolidation leading to disappearing peer groups for bank examination purposes has led to changes to uniform performance reports by the umbrella group for federal financial regulators, the agency said Friday. The Federal Financial […]
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