The banks involved in the collaborative arrangement need to ensure that the shared resource conducting the BSA/AML independent testing is qualified and not involved in other BSA/AML functions at the ...

On Sept. 16, 2020, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an Advance Notice of Proposed Rulemaking (ANPRM) to strengthen the national anti-money ...

ATLANTA--(BUSINESS WIRE)--LemonadeLXP, the learning experience and digital adoption platform for financial institutions, has partnered with The Edcomm Group, a global provider of training solutions to ...

ALLENTOWN, Penn. – PPL Gold Credit union has signed with Edcomm Banker’s Academy to use the company’s Bank Secrecy Act and Anti Money Laundering online training for the next three years. Processing ...

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The Bank Secrecy Act (BSA) was the first anti-money laundering law passed in the United States. Since its enactment, the United States has transformed its approach to preventing and mitigating the ...

LAKE OSWEGO, Ore.--(BUSINESS WIRE)--Bates Group, a leading financial services consulting firm, is excited to announce the acquisition of CorCom, a top AML compliance (anti-money laundering) consulting ...

Among the enforcement actions issued by the Treasury Department’s Office of the Comptroller of the Currency (OCC) in August, two banks were separately penalized for deficiencies in anti-money ...