{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC","title":"The Interagency Statement on the Issuance of the AML/CFT Program Notices of Proposed Rulemaking","html":"","width":"100%","height":180,"duration":964,"description":"1. Episode topic: Interagency Statement on the Issuance of the AML/CFT Program Notices of Proposed Rulemaking2. Date of issuance: June 28, 20243. Agencies involved:   - U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN)   - Board of Governors of the Federal Reserve System   - Federal Deposit Insurance Corporation   - National Credit Union Administration   - Office of the Comptroller of the Currency4. Purpose: To amend AML/CFT program requirements for financial institutions subject to the Bank Secrecy Act (BSA)5. Key proposed changes:   - New statement of purpose for AML/CFT programs   - Risk assessment process requirements   - Fostering innovative approaches to BSA compliance   - Requirement for U.S. presence6. Alignment with Anti-Money Laundering Act of 2020 (AML Act) purposes7. Broader implementation efforts:   - Updates to supervision and examination processes   - Enhanced feedback loops   - Additional AML Act reviews8. Note that these changes are separate from the Corporate Transparency Act implementation9. Podcast sponsored by Credit Union Exam Solutions Inc.10. Presenter: Samantha Shares11. Additional resource mentioned: \"With Flying Colors\" podcast for NCUA success tips12. Contact for assistance: Mark Treichel (LinkedIn or marktreichel.com)These notes capture the main points discussed in the podcast about the proposed rulemaking and its implications for financial institutions.","thumbnail_url":"https://img.transistorcdn.com/DblKo84_Ha6-XOQnfj5k1wmxCkQHeB53BeeKc2eI7dM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ4MTk5LzE3MDM4/NTQxOTktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}