Articles with tag like: Bank Secrecy Act

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Capital One fined for violating US anti-money laundering law

News | Digital Identity, Security & Online Fraud | 18 Jan 2021

Capital One Financial, a US-based credit card firm, has been fined USD 390 million for engaging in what the US government called wilful and negligent violations of the Bank Secrecy Act, according to Reuters.

Capital One Financial, FinCEN, Bank Secrecy Act, money laundering, financial crime, bank, US, fraud prevention

US regulator allows blockchains and stablecoins to be used as settlement by banks

News | Cryptocurrencies | 05 Jan 2021

The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.

US, blockchain, stablecoin, banking, settlement, OCC, compliance, AML, Bank Secrecy Act, blockchain

Fenergo unveils remote account opening solution

News | Payments General | 22 Apr 2020

Fenergo has announced the launch of its digital cloud-based Remote Account Opening solution, in order to assist US small businesses in accessing Paycheck Protection Programme (PPP) emergency loans.

Fenergo, launch, remote account opening, solution, small business, loan approvals, CLM, Client Lifecycle Management, financial institutions, US, KYC, AML, Bank Secrecy Act, BSA, screening, due diligence