A new version of the BSA/AML Manual, which governs how financial institutions and non-financial institutions in the U.S. are supposed to comply with the Bank Secrecy Act when creating compliance programs, was released this week. Partner Jeffrey Alberts, co-chair of Pryor Cashman's Financial Institutions Group, shared a few thoughts on how the new manual may help banks and FinTechs by potentially reducing their exposure to fines.
To watch Jeff's video, click here.
Originally published 22 April, 2020
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