Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Three new frequently asked questions (FAQs) published Monday by the Financial Crimes Enforcement Network (FinCEN) regarding financial institutions’ customer due diligence (CDD) obligations under Bank Secrecy Act/anti-money laundering (BSA/AML) rules focus on obtaining customer information, […]
Aiding financial institutions in detecting, preventing, and reporting potential COVID-19-related criminal activity is the aim of an advisory issued Thursday by the Treasury’s top financial crimes enforcement arm. The Financial Crimes Enforcement Network (FinCEN) said […]
A waiver of appraiser credentialing requirements with respect to commercial real estate transactions under $1 million throughout North Dakota would be extended for one more year if the Federal Financial Institutions Examination Council (FFIEC) approves […]
The federal panel that oversees state real estate appraisal programs is set to meet virtually in open session Wednesday to consider a request to extend for two years a commercial real estate (CRE) appraisal waiver […]
“Timely intervention” last spring by the Federal Reserve in repurchase agreement and Treasury markets may have limited spillover effects from liquidity risks that could have affected financial stability, according to a report issued Thursday. The […]
Financial regulators will be considering whether there should be more policing of the secondary mortgage market activities, according to a readout issued Tuesday by the Financial Stability Oversight Council (FSOC). According to the readout (released […]
Financial institutions were urged to be alert to the financial “red flags” that may indicate COVID-19-related imposter scams or money mule schemes in a Treasury financial crimes enforcement unit advisory Tuesday that also gives instructions […]
Conducting due diligence on hemp-related businesses – on the types of information and documentation that may be required to collect from those entities – is outlined in guidance for banks and credit unions issued Monday […]
Data on mortgage lending transactions in 2019 at more than 5,500 financial institutions covered by federal mortgage lending disclosure requirements are now available, the umbrella group for federal financial regulators said Wednesday. The Federal Financial […]
Melanie Hall, commissioner of the Montana Division of Banking and Financial Institutions, is the newest member of the State Liaison Committee (SLC) to the Federal Financial Institutions Examination Council (FFIEC), the umbrella group for federal […]
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