News

The American Bankers Association has formed a committee of prominent anti-money laundering compliance officers and bank managers to help push for regulatory reform. The group, announced in September, will work with the U.S. Treasury Department as part of Treasury Secretary Henry Paulson's plans to improve Bank Secrecy Act efficiency. Among the group's members are three former top officials of the Treasury Department's Financial Crimes Enforcement Network (FinCEN)-William Fox, Robert Werner and William Langford. Also in the group are Rick Small, the head of global AML at GE Money; Michael Kelsey, senior vice president of AML compliance at Capital One; and...