News

The U.K. Financial Conduct Authority called on financial institutions to review their policies for vetting domestic politically exposed persons to ensure they do not subject them to "disproportionate" due diligence checks, ACAMS moneylaundering.com reported. More The U.S. Treasury Department voiced concerns to Floridian lawmakers that limiting the financial services industry's discretion to consider environmental, social and governance factors when doing business could "undermine" federal AML efforts, the Associated Press reported. More An agricultural bank in Wyoming has incurred a cease-and-desist order from the Office of the Comptroller of the Currency, or OCC, after the institution's delve into virtual assets raised...