The Bank Policy Institute submitted recommendations to FinCEN and the federal banking agencies calling on the agencies to consider changes to how they apply the 2011 joint agency supervisory guidance on model risk management to anti-money laundering/countering the financing of terrorism and sanctions regimes. Access a copy of the letter by clicking the ‘download’ button below.
You Might Also Be Interested In...
AML, Bank Secrecy Act and Sanctions Accurate, Accessible and Reliable Data from FinCEN Vital to Combating Illicit Finance
AML, Bank Secrecy Act and Sanctions BPI Statement on Final Passage of Legislation to Reform the Anti-Money Laundering Framework and End Anonymous Shell Companies
AML, Bank Secrecy Act and Sanctions BPI Applauds Passage of Legislation to Reform Anti-Money Laundering Framework and End Anonymous Shell Companies
AML, Bank Secrecy Act and Sanctions Outdated U.S. Sanctions Regime Could Leave U.S. Financial System Open to Abuse, Requires Modernization
More Posts by This Author
Consumer Affairs The Time Is Now: 30 Best Bank Practices to Help Improve Outcomes In Black Communities
Bank Conditions and Credit Availability BPI and Coalition of Trades Express Support for Adjustable Interest Rate (LIBOR) Act of 2021
Bank Conditions and Credit Availability BPI Commends HFSC for Passage of Legislation Addressing LIBOR Transition
FinTech & Innovation BPI Statement in Advance of HFSC Subcommittee Hearing on ‘The Promises and Perils of CBDCs’
FinTech & Innovation Predicting Stablecoin Regulation: 5 Key Takeaways from Gorton and Zhang’s “Taming Wildcat Stablecoins”