Searching Content indexed under Financial Services by Elijah Alper ordered by Published Date Descending.
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NYDFS Issues Final Rule Requiring Certification Of Compliance With AML Transaction Monitoring And Filtering Program Requirements
The New York Department of Financial Services (NYDFS) recently finalized a regulation that mandates detailed elements of the anti-money laundering (AML) transaction monitoring and sanctions filtering programs of covered institutions.
United States
22 Jul 2016
BNA INSIGHTS: The CFPB and Data Security Enforcement
The authors examine the Consumer Financial Protection Bureau's foray into data security enforcement by assessing how the bureau's data security authority compares with that of other federal regulators.
United States
16 Jun 2016
FinCEN Finalizes Beneficial Ownership and Customer Due Diligence Requirements
The Financial Crimes Enforcement Network (FinCEN) on May 11 released its long-awaited Final Rule (CDD Rule) ..
United States
1 Jun 2016
Federal Regulators Clarify Bank CIP Obligations for Prepaid Cardholders
Banks and credit unions that issue reloadable, general purpose prepaid cards must apply Customer Identification Program (CIP) procedures to those cardholders, according to guidance issued by the federal banking regulators and FinCEN on March 21, 2016 (Guidance).
United States
12 Apr 2016
Viewpoint: Ensuring A Level Playing Field For Federal Virtual Currency Regulation
FinCEN's March 2013 interpretive guidance on bitcoin and other virtual currency remains the key statement of federal regulatory policy on the topic.
United States
9 Mar 2016
Ensuring A Level Playing Field For Federal Virtual Currency Regulation
The Financial Crimes Enforcement Network ("FinCEN"), the US Department of the Treasury bureau responsible for combating money laundering and terrorist financing, has been by far the most impactful federal regulator of Bitcoin and other virtual currency.
United States
4 Mar 2016
AML Litigation And Individual Liability: FinCEN's Landmark Haider Case Moves Forward
A federal district court in Minnesota recently held that the Bank Secrecy Act permits the Financial Crimes Enforcement Network to bring suit against individuals for willfully violating the BSA's AML program requirement.
United States
22 Jan 2016
NYDFS Proposes To Require Chief Compliance Officers To Certify Effectiveness Of AML And Sanctions Programs
Summary: The New York Department of Financial Services has issued a proposed regulation that sets forth minimum requirements for anti-money laundering transaction monitoring systems and watch list filtering systems.
United States
7 Dec 2015
FTC Joins With Federal, State And Local Authorities On Nationwide Debt Collection Enforcement Initiative
On November 4, 2015, a group of law enforcement authorities, led by the Federal Trade Commission, announced Operation Collection Protection, a coordinated federal, state and local initiative aimed at illegal debt collection practices.
United States
10 Nov 2015
FinCEN Proposes AML Requirements For Registered Investment Advisers
The Financial Crimes Enforcement Network (FinCEN) has proposed long-expected regulations that would extend anti-money laundering (AML) requirements to federally registered investment advisers (RIA).
United States
7 Sep 2015
In Warning To Bitcoin And Other Virtual Currency Businesses, FinCEN Issues First Enforcement Action For Virtual Currency Activity
The US government took its strongest step yet in its oversight of other virtual currency yesterday, fining prominent "Bitcoin alternative" company Ripple Labs Inc. $700,000 for what the government called a willful violation of the anti-money laundering laws.
United States
7 May 2015
Growing Bitcoin Regulations And Its Constituencies
Several federal and state regulators have now begun creating regulations governing Bitcoin and other virtual currency.
United States
17 Dec 2014
The Consumer Financial Protection Bureau As A Privacy & Data Security Regulator
The large-scale data breaches at Target, Neiman Marcus and eBay are only three of the most visible examples of the growing importance of privacy and data security to the payments system.
United States
28 Jul 2014
OCC Releases New Guidance On Third-Party Risk Management
The Office of the Comptroller of the Currency (the "OCC") issued on October 30, 2013 updated guidance (OCC Bulletin 2013-29) on managing the risks presented by vendor and other third-party relationships.
United States
2 Nov 2013
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