PYMNTS

SEPTEMBER 21, 2020

And in PYMNTS’ own coverage, the twin external forces of regulatory scrutiny and market pressures are pushing FIs to retool and strengthen their anti-money laundering (AML) efforts. The agencies offered a bit more transparency in identifying politically exposed persons to aid in AML efforts. In one example, reported on Monday (Sept.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

PYMNTS

FEBRUARY 8, 2019

The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported. FinCEN, NCUA, the Federal Reserve Board, the Federal Deposit Insurance Corp.

BSA 53

BSA Phishing NCUA Credit Union 53

PYMNTS

JUNE 6, 2019

Last month, the Small Business Administration (SBA) and the National Credit Union Administration (NCUA) announced a collaboration that aims to promote credit unions’ participation in the SBA small business lending program, via webinars and training events aimed at broadening the credit union sector’s small business lending efforts.

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Credit Union NCUA Small Business Online and Mobile Banking 51

PYMNTS

AUGUST 27, 2019

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. While the PYMNTS study found loyalty programs are members’ most popular desire at 49.1 CUs are facing more scrutiny in the U.S.,

Credit Union 49

Credit Union NCUA Non-Bank Money Laundering 49

FICO

DECEMBER 15, 2020

BSA/AML Reforms Are on their Way - Even With a Looming Presidential Veto. The legislation includes nearly 200 pages of the most significant reforms to the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws since the USA PATRIOT Act of 2001. Even by Washington standards, this bill is massive topping 4,500 pages.

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BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52