Beware of Advance Fee Scams

The District of Columbia Department of Insurance, Securities and Banking is warning District consumers to be on the alert for advance fee scams.

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NCUA and Regulators Encourage Innovation in BSA/AML Compliance

In a joint statement released Monday, the National Credit Union Administration, the Financial Crimes Enforcement Network and other banking regulators, encouraged financial institutions to pursue innovation to meet Bank Secrecy Act and anti-money laundering compliance obligations.

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NCUA Board Approves RBC Delay

The National Credit Union Administration (NCUA) board voted today to approve a final risk-based capital rule (RBC) delaying implementation by one year, to Jan. 1, 2020.

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Agencies Issue Joint Statement on BSA/AML Resource Sharing

FinCEN and the federal depository institution regulators issued a joint statement to address the benefits of financial institutions entering into collaborative arrangements to help manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and effectively.

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