WASHINGTON - Banks will have an extra three months - until April 1 - to comply with new wire transfer rules, federal regulators announced this week.

Also, in response to numerous questions from the industry, the Treasury Department's Financial Crimes Enforcement Network and the Federal Reserve Board proposed clarifications of two wire transfer rules announced earlier this year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.