In a Financial Institution Letter, the FDIC explained recent revisions to the Federal Financial Institutions Examination Council's examination manual aimed at providing greater transparency on examination procedures and compliance with the Bank Secrecy Act.
News & Insights
The Federal Reserve Board, the FDIC, FinCEN, the NCUA and the OCC reminded banks to apply a risk-based approach when assessing customer relationships and conducting customer due diligence on anti-money laundering risks.
The OCC, FDIC and Federal Reserve Board have each published guidance for banks and bank service providers to assist entities in meeting new regulatory obligations on information sharing for cybersecurity incidents impacting the U.S. banking system.
The FDIC and FinCEN opened the registration period for interested individuals to participate in the "Tech Sprint Program" to help measure the effectiveness of digital identity proofing.
The FDIC and FinCEN will open registration for interested individuals to participate in a "Tech Sprint Program" to focus on developing solutions "for financial institutions and regulators to help measure the effectiveness of digital identity proofing."