Caps and Suspicious Activity Report (SAR)

Ex-US Bank Risk Officer Fined For AML Failure

PYMNTS

MARCH 4, 2020

Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.

AML

AML Suspicious Activity Report (SAR) Fincen BSA

Financial Policy Predictions 2021: Meaningful Changes Ahead

FICO

DECEMBER 15, 2020

On December 18, the Bureau issued a Part 2 final rule detailing disclosures for the collection of time-barred debt, changes to the validation notice, and furnisher credit reporting requirements.

BSA

BSA Suspicious Activity Report (SAR) Financial Inclusion AML

Payments Space

Ex-US Bank Risk Officer Fined For AML Failure

Financial Policy Predictions 2021: Meaningful Changes Ahead

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