What began in 1970 as a targeted effort to crack down on money laundering has metastasized into one of the federal government’s most expensive data hoarding operations. The Bank Secrecy Act now ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

The AML/CFT program must be in writing and made available upon request. Unlike the current rules, which focus on board approval, the proposal would allow approval by the board, an equivalent governing ...

In implementing the debanking executive order, the OCC and other federal banking regulators have removed "reputation risk" as a factor that financial institutions are expected to consider in assessing ...

Preventive Money Laundering and Corruption Rules Erode Under Trump, Legal Experts Say Legal experts say the Trump administration is increasingly focused on prosecuting crimes only after the damage is ...

Sometimes individuals, organizations, or entire industries are abruptly excluded from the financial system without any explanation or ways to resolve the issue. This is known as debanking. Several ...

Shipyard Software CEO and co-founder Mark Lurie breaks down his Policy Week opinion piece on CoinDesk, titled "Sweeping Crypto Regulation? First Update the Bank Secrecy Act." And, why decentralized ...