Regulatory Compliance
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FFIEC Releases Beneficial Ownership Exam Procedures
The Federal Financial Institutions Examination Council (FFIEC) recently released new examination procedures covering the new beneficial ownership requirements for legal entity customers.
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FFIEC Releases 2017 HMDA Data
On May 7th the Federal Financial Institutions Examination Council (FFIEC) released the 2017 Home Mortgage Disclosure Act (HMDA) data for 5,852 financial institutions.
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FinCEN Issues FAQs on Customer Due Diligence Rules
On April 3rd, the Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions (FAQs) on the new Customer Due Diligence (CDD) requirements going into effect May 11, 2018. 37 questions are posed and answered in the FAQ.