compliance
Tag: compliance
FinCEN Beneficial Ownership Rule Clarification
Last week, the Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently removing the requirement that U.S. companies and U.S. persons report beneficial ownership information to the agency under the...
Executive Order Targeting “Non-Work Authorized Individuals”
On Friday, FinCEN issued an Advisory addressing non-work authorized populations and their employers as related to BSA/AML and other supervisory concerns for banks. While the advisory raises a number of concerns,...
Executive Orders: Key Takeaways for Community Banks
On May 19, President Trump issued two executive orders, each bearing significant implications for the present and future of Texas community banking. The first, Restoring Integrity to America’s Financial System,...