U.S. Big Banks Are Looking To See Money Laundering Regulations Loosened
PYMNTS
FEBRUARY 17, 2017
The regs at issue surround the Suspicious Activity Report, which bank employees are required by federal law to file if they suspect transactions could be part of a crime. Treasury’s Financial Crimes Enforcement Network (FINCEN). companies as much as $8 billion a year to stay on the right side of the regs.
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