Document that the AML program is effective, risk based, and reasonably designed. Maintain separate documentation of program design and execution. Draft clear descriptions of the roles and ...

K bank said Tuesday it has launched a proof-of-concept with Lambda256 and KSNET to test how a bank can operate an off-ramp ...

The Federal Reserve has proposed a new rule to modernize anti-money laundering (AML) oversight for banks, aiming to ...

The proposal calls for banks to make their compliance programs "risk-based" and pledges to emphasize "systemic" flaws with ...

The boardroom has become a central locus of responsibility in the federal government’s campaign against money laundering. Once considered a ...

Heightened regulatory scrutiny has banks imposing stricter requirements on their fintech partners. Banks are subject to different AML requirements than fintechs, and that gap has become a regulatory ...

The Trump administration is preparing a shake-up of anti-money-laundering rules, in an effort to overhaul a system for catching illicit transactions by drug traffickers, terrorists and other criminals ...

Interested in writing for CW? Compliance Week accepts outside contributions from corporate chief compliance officers and other senior-level GRC practitioners. To learn more, contact the CW Editor.