Agencies Encourage Innovative BSA/AML Compliance

Dec 05, 2018

Federal agencies issued a joint statement encouraging depository institutions to consider and responsibly implement innovative approaches to meeting Bank Secrecy Act and anti-money laundering compliance obligations.

In the joint statement, the agencies pledge to support responsible financial-sector innovations and encourage industry feedback on how they best support these efforts. It follows a Senate hearing last week in which ICBA repeated its call for lawmakers to modernize the BSA.

Read Joint Statement

Repeated Its Call