On June 12, 2026, the Financial Crimes Enforcement Network (FinCEN) issued updated guidance clarifying how financial institutions, including money services businesses (MSBs), may use Section 314(b) of the USA PATRIOT Act to share information about suspected fraud. While many institutions have historically associated 314(b) information sharing with money laundering and terrorist financing investigations, FinCEN’s latest […]
A risk-based approach is essential for a healthy anti-money laundering (AML) program as it enables you to allocate resources efficiently, comply with regulatory expectations, enhance program effectiveness, detect emerging risks, demonstrate proactive risk management, and mitigate legal and reputational risks. When thinking about a risk-based approach for your AML program, a risk assessment is vital. […]
One of the intriguing aspects regarding lending and regulatory compliance is that it is ever changing. Because of its rapid evolution, we are constantly adding talent to keep up with the demands of the industry. With over 25 years experience of direct BSA/AML compliance, audit and underwriting audits, Robert Villapando not only has a diverse […]
