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Tag: Financial Crimes Enforcement Network


Regulations

Citi hires FinCEN chief to lead compliance in bank’s new unit

April 5, 2021

Via: Banking Dive

Citi’s hiring of Blanco comes as the bank is retooling its risk management, data governance and internal controls in light of a $400 million fine the Office of the Comptroller of the Currency (OCC) levied against it in October. The […]


Regulations

Your Bank’s Answer to the Cannabis Conundrum

May 30, 2019

Via: Bank Director

Banks should not wait on lawmakers taking action on the myriad of proposed cannabis banking bills to make important strategic decisions about servicing marijuana-related business. It is unclear if any of the proposed cannabis banking bills will gain enough traction […]