US regulators are ramping up efforts to combat money laundering and enforce know-your-customer (KYC) rules, with a strong focus on compliance with the Bank Secrecy Act (BSA), as reported by Reuters.
Despite broader deregulation discussions following Donald Trump's election, financial crime enforcement remains a bipartisan priority. In remarks at an industry conference last week, Whitney Case, Associate Director of the Enforcement and Compliance Division at the Financial Crimes Enforcement Network (FinCEN), emphasized that combating financial crimes “has been a priority area, and you are going to see enforcement actions.”
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.