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Hot Headlines - Finally Fixing BSA/AML?



May 14, 2019
RiskInbox
Hot Headlines

Issue # 864

What we're tracking today on Risk InboX:

Today's Top Headline  bsa-busting  

Fixing BSA/AML

The House Financial Services Committee just approved the COUNTER Act to modernize the Bank Secrecy Act. Still, a ways to go, but here are some highlights of what's in the bill. Read on.

What's Up in Compliance (click here) 

 
Well, it seems July 1 is just around the corner. Ready for NCUA's rule on private flood insurance? ... Here are some nifty helps NCUA is offering to help prevent elder financial abuse. ... That $10K CTR threshold has been around a long time. Isn't it about time it thresholded up a bit? ... Here's what a good OFAC compliance program looks like. ... Many have been saying it all along. Now the 9th Circuit Appeals Court agrees: fix the structure of the CFPB already. ... Overdraft Rule: the CFPB is coming after you. ... There's a lot to CFPB's proposed debt collection rules you don't need to worry about. But there are some things that you should know about. ... Nobody seems to like the CFPB's complaint database. This industry leader thinks it's a valuable resource you should pay attention to. ... FinCEN wants the virtual currency crowd to be clear on what's what. ... A multi-faceted approach to preventing elder fraud is underway in five states. Here's how that is working. ... The original Fair Debt Collection Practices Act is over 40 years old and included guidance on such things as telegrams. Time for an update much? ... The Fed is repealing the SAFE Act. But don't get too excited. It's a technical repeal. 

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