FinCEN

The Financial Crimes Enforcement Network is seeking to create a better-defined standard for effective AML compliance programs and is considering whether to impose formal requirements that banks assess their laundering risk.

Legislation that would force transparency around company ownership would be better than another burdensome anti-money-laundering rule.

The National Defense Authorization Act, approved in a vote late Tuesday, includes measures to require companies to disclose their true owners at the point of incorporation and to improve information-sharing between banks and the government.

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements.

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

A recent bill would require financial institutions to provide data on suspicious firearms transactions as part of anti-money laundering efforts.

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money-laundering efforts.

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start.