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.
News & Insights
A proposal by the Federal Reserve Board, FDIC, Office of the Comptroller of the Currency, SEC and CFTC to revamp the Volcker Rule was published in the Federal Register.
The OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB proposed a rule that would codify a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance.
The Federal Reserve Board, the FDIC, FinCEN, the National Credit Union Administration and the OCC clarified customer due diligence requirements for customers that may be "politically exposed persons."
An OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB rule proposal that would codify the 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was published in the Federal Register.