#bank secrecy act

2 stories

#aml #american express #beneficial ownership reporting #business #ceo #civil money penalty #clarity act #community banks #currency transaction reports #fed #finance #financial crime

OCC and Fed Fine American Express $350 Million Over AML Deficiencies
American Express pays $350m penalty for money laundering failures.
Pymnts · 1m
Treasury weighs looser AML thresholds for banks
Treasury may ease old bank reporting rules by giving banks credit for customers they already know well.
Pymnts · 1m