Kenneth Rijock

Kenneth Rijock

Monday, October 8, 2018

AMERICAN REGULATORS RULE THAT COMMUNITY BANKS AND CREDIT UNIONS MAY SHARE AML RESOURCES



The major US regulatory agencies for financial institutions, OCC, FRS, FDIC,  FinCEN and NCUA, have issued an Interagency Statement permiting the sharing of BSA/AML resources, through a collaborative agreement, providing for the pooling of assets. There are certain restrictions and limitations. Readers who wish to review the Statement can access the complete text here

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