News

U.S. regulators fined USAA Federal Savings Bank $140 million for "willfully failing" to report suspicious activity and otherwise comply with the Bank Secrecy Act, ACAMS moneylaundering.com reported. More The Office of the Comptroller of the Currency formally claimed authority to exempt banks from filing suspicious activity reports when deploying more innovative means of flagging potentially illicit transactions, moneylandering.com reported. More The financial intelligence units of the U.S., Canada, U.K. and seven other countries pledged to exchange more information on illicit Russian flows as part of an international effort to crack down on Russian oligarchs who may try to circumvent sanctions...