From the Desk of David Schwartz
From The Desk of David Schwartz – 4th July
I hope that you had an enjoyable 4th of July holiday! We are now entering the “dog days of summer” when families head out on vacation and activity slows down at many companies, but not at...
Calling all compliance officers – FIBA needs you!
Calling all compliance officers - FIBA needs you! 2024 has been a very busy year for FinCEN. They have issued Notices of Proposed Rulemaking (NPRM) on everything from adding investment advisers to...
David Schwarts and Marina Olman Update on Florida HB 585
Dear FIBA Members, We write to provide you with an update on Florida HB 585, which as you recall, provided that a customer who reasonably believed that a financial institution terminated or...
David Schwarts and Marina Olman
Dear FIBA Members, It has been a good start to the New Year! We celebrated the installation of our new Officers and Board of Directors at a wonderful social event at the Coral Gables Country Club,...
Meeting Regulators & Members of Congress
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...
The 2023 De-Risking Strategy
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...
FIBA & SBA Announcement
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...
Quarterly In-person Board Meeting
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...
IRS-Criminal Investigation (IRS-CI) on the crucial role BSA Data plays in their financial investigations.
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...
FIBA AML Conference & ESG
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...
The Corporate Transparency Act (CTA)
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...
Back After COVID!
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...