BPI expressed support for FinCEN’s effort to implement the Corporate Transparency Act, a new anti-money laundering measure that targets anonymous shell companies, in a comment letter to the bureau submitted this week. BPI proposed recommendations meant to make the AML changes effective and useful, both for banks detecting money laundering and for law enforcement officials fighting human trafficking, terrorism financing and other crimes.
AML, Bank Secrecy Act and Sanctions
BPI’s Heather Hogsett Testifies Before House Subcommittee on Cybersecurity, CISA’s Contributions
BPI’s Heather Hogsett Testifies Before House Subcommittee on Cybersecurity, CISA’s Contributions
AML, Bank Secrecy Act and Sanctions
FinCEN Must Preserve Beneficial Ownership Data Usefulness, Discourage Inappropriate Reporting Omissions
FinCEN Must Preserve Beneficial Ownership Data Usefulness, Discourage Inappropriate Reporting Omissions
AML, Bank Secrecy Act and Sanctions
Russian Oligarchs Hide Money in U.S. Only Reliable Data Can Stop Them.
Russian Oligarchs Hide Money in U.S. Only Reliable Data Can Stop Them.
AML, Bank Secrecy Act and Sanctions
Business-Ownership Registry Access Rules Should Ensure Banks Can Focus on Threats
Business-Ownership Registry Access Rules Should Ensure Banks Can Focus on Threats
AML, Bank Secrecy Act and Sanctions
BPI and ABA Respond to FinCEN Advanced Notice of Proposed Rulemaking on Establishing a No Action Letter Process
BPI and ABA Respond to FinCEN Advanced Notice of Proposed Rulemaking on Establishing a No Action Letter Process
AML, Bank Secrecy Act and Sanctions
Financial Crime Fighters’ Huge Tech Revamp Is More Urgent Than Ever. Here’s What’s Needed to Finish It
Financial Crime Fighters’ Huge Tech Revamp Is More Urgent Than Ever. Here’s What’s Needed to Finish It
