Greetings! Last week, FIBA AML Compliance Committee Chair Guillermo Horta, Director Wayne Shah, Legal & Regulatory Affairs co-Chair Daniel Gutierrez and I traveled to Washington DC to meet with regulators and members of Congress. As you can see from the picture,...
Greetings! On April 10, 2023, the U.S. Department of the Treasury published the 2023 De-Risking Strategy pursuant to Section 6215 of the Anti-Money Laundering Act of 2020 (AMLA). Treasury conducted consultations, primarily consisting of interviews, with more than...
Greetings! I am pleased to announce that last Friday, FIBA and the Small Business Administration (SBA) signed an agreement to “…jointly host a series of in-person seminars to educate on such topics as credit, trade compliance, correspondent banking on trade finance...
Greetings! Last Wednesday, Jeremy Smith, Director, Division of Financial Institutions at the Florida Office of Financial Regulation (OFR), was the keynote speaker at our quarterly in-person Board meeting. He discussed the current state of the industry in light of the...
Greetings! Yesterday we had the first in a series of quarterly events that will be sponsored by members of the Legal & Regulatory Affairs (LARA) committee throughout the year: a highly informative presentation by IRS-Criminal Investigation (IRS-CI) on the...
Greetings! Day 2 of the 23rd Annual FIBA AML Conference kicked off with a discussion of ESG (Environmental, Social, and Corporate Governance) initiatives of financial institutions, led by FIBA Board member Wayne Shah. Questions raised included: Daniela Fonseca...
Greetings! The Anti-Money Laundering Act of 2020 (AMLA) contained a provision that requires more transparency in the formation of corporations in the U.S., specifically the collection of data on beneficial owners. The Corporate Transparency Act (CTA), requires...
Greetings! BACK AFTER COVID!! You may remember that beginning in 2013, I would periodically publish the “From the Desk of the CEO…”, to inform the membership of some of the key happenings around FIBA including advocacy efforts, conferences and events, and FIBA In The...