John Byrne knows what's happening on Capitol Hill. For the senior vice president of anti-money laundering strategy at Bank of America, monitoring congressional activities may be the most important part of his job. Investigations, reports and hearings conducted by U.S. lawmakers enable Byrne, a 22-year American Bankers Association veteran, to prepare his financial institution for emerging money laundering trends and impending regulatory changes. "If I am tasked to protect my financial institution, part of the process is following Congress," Byrne said Tuesday at an anti-money laundering conference in Hollywood, Florida. He knows, for example, that no final action will be...
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