The U.S. Treasury Department's plan to collect more details about cyberattacks on financial institutions in suspicious activity reports may impose new monitoring requirements on compliance professionals, say sources.
Anti-money laundering, fraud prevention and cybersecurity personnel should more frequently collaborate to guard their institutions and their customers against online intrusions by criminals and state-sponsored groups, U.S. officials said Tuesday.
Bank compliance departments continue to underreport Internet Protocol and e-mail addresses in their regulatory filings to the U.S. Treasury Department despite repeated requests for such disclosures from federal officials.
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