Commentary by Christian Larson
The Federal Reserve Board and FinCEN proposed to significantly reduce the dollar-value threshold at which the Bank Secrecy Act requires financial institutions to obtain, retain and transmit information on certain fund transfers and transmittals.
In a "Dear CFO Letter," SEC Division of Investment Management Chief Accountant Alison Staloch highlighted staff guidance on "certain accounting, auditing, financial reporting, or other related disclosure matters."
OFAC designated a Russian government research institution to the Specially Designated Nationals and Blocked Persons List for its connection with the destructive "Triton" malware.
A school for day trading securities settled SEC charges for (i) offering security-based swaps to non-eligible contract participants and (ii) failing to effect the transactions on a registered national securities exchange.
The CFPB requested feedback on the development of regulations concerning consumer access to financial records.