Industry News

Prepared Remarks of Deputy Director Jamal El-Hindi

Prepared Remarks of Deputy Director Jamal El-Hindi

Deputy Director Jamal El-Hindi spoke to the Institute of International Bankers at their annual anti-money laundering seminar. The topics covered included: the final Customer Due Diligence rule; draft legislation ...

CBW Bank Named 2016 Model Bank

CBW Bank Named 2016 Model Bank

Weir, Kan.-based CBW Bank has been recognized by global financial services research firm Celent as a 2016 Model Bank for its excellence in corporate payments and infrastructure modernization. “Now in its ninth year, ...

Spanish courts petition European Tribunal

Spanish courts petition European Tribunal

Antonio Selas from the firm Cremades & Calvo Sotelo in Madrid has been preventing banks from closing bank accounts of Money Transfer Operators in Spain by taking  the banks  to court and convincing judges that Banks ...

Use of Mobile Phones to Bank is on the Rise

Use of Mobile Phones to Bank is on the Rise

43% percent of all mobile phone owners with a bank account had used mobile banking in the 12 months prior to the survey, up from 39 percent in 2014 and 33 percent in 2013. Check out the Federal Reserve Report.   ...

Agencies  issue guidance on CIP for prepaid programs

Agencies issue guidance on CIP for prepaid programs

Interagency Guidance to Issuing Banks on Applying Customer Identification Program Requirements to Holders of Prepaid Cards. The Agencies have made clear that the money laundering and other financial crime risks faced ...

Close