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Treasury Announces Action Against Narco-Terrorists |
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By
AM Henry, 19-FEB-04
Treasury announced that has taken action against narco-terrorist organizations FARC and AUC .
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Inspector General Releases Section 1001 USAPA Report |
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By
AM Henry, 27-JAN-04
The Office of the Inspector General (OIG) released its fourth report on claims of civil liberties or civil rights violations from the period of 16-June thru 15-December-2003.
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Treasury Speaks on U.S.-Saudi Designation |
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By
AM Henry, 22-JAN-04
Treasury Secretary, John Snow, announced a joint action by the United States and Saudi Arabia to designate the four branches of Al-Haramain charity under the U.S. Executive Order 13224 and the United Nations 1267 Sanctions Committee.
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FAQs: Final CIP Rules from FinCEN |
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By
FinCEN, 1-JAN-04
Here, reproduced in its entirety for your convenience, is FinCEN's Guidance on Customer Identification Regulations.
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USA PATRIOT Act Expanded – Impacts Financial Institutions |
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By
A Henry & J Pucciarelli, 13-DEC-03
On 13-Dec-03, President Bush signed the Intelligence Authorization Act for FY2004. The bill included several items that legislators often refer to as technical updates that will likely be of interest to USAPA compliance managers.
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Treasury Names Two Burmese Banks Linked to Money Laundering |
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By
AM Henry, 19-NOV-03
Treasury Secretary announced that Burma and two Burmese Banks, Myanmar Mayflower Bank and Asia Wealth Bank, to “be of primary money laundering concern under Section 311 of the USA PATRIOT Act.”
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NASD Comparison of AML & SEC Books & Records |
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By
AM Henry, 1-NOV-03
NASD issued a document that provides a comparison of the customer identification requirements of the USAPA and the SEC Books and Records Amendments
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FinCEN Updates Suspicious Activity Reporting Guidelines |
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By
AM Henry, 1-NOV-03
FinCEN released a guidance package on suspicious activity reports (SARs) including SAR forms and how to prepare and submit well-written SAR narratives.
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Colorado Banking Audit Reports Illegal Operations |
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By
AM Henry, 28-OCT-03
Colorado Banking Commissioner, Richard Fulkerson, commented on an audit report that several illegal money-transfer businesses were operating in the state of Colorado.
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OCC Releases Compliance Guides for Bank Directors |
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By
AM Henry, 28-OCT-03
The OCC announced the release of two guidebooks, “Detecting Red Flags in Board Reports—A Guide for Directors” and “A Pocket Guide to Red Flags in Board Reports."
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Matricula ID Causing Debate in Banking Community |
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By
AM Henry, 24-OCT-03
Treasury announced that banks must decide on their own regarding the use of the matricula, but will still hold banks responsible where cases of fraud or money laundering are associated with its use.
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OTS Final Ruling on USAPA Section 326 for Banks |
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By
AM Henry, 18-SEP-03
The Office of Thrift Supervision (OTS) released this document on customer identification programs (CIP) for banks, savings associations, credit unions and certain non-federally regulated banks.
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