{"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":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/7b181f86\"></iframe>","width":"100%","height":180,"duration":915,"description":"\n1. Episode topic: Interagency Statement on the Issuance of the AML/CFT Program Notices of Proposed Rulemaking\n2. Date of issuance: June 28, 2024\n3. Agencies involved:\n   - U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN)\n   - Board of Governors of the Federal Reserve System\n   - Federal Deposit Insurance Corporation\n   - National Credit Union Administration\n   - Office of the Comptroller of the Currency\n4. Purpose: To amend AML/CFT program requirements for financial institutions subject to the Bank Secrecy Act (BSA)\n5. Key proposed changes:\n   - New statement of purpose for AML/CFT programs\n   - Risk assessment process requirements\n   - Fostering innovative approaches to BSA compliance\n   - Requirement for U.S. presence\n6. Alignment with Anti-Money Laundering Act of 2020 (AML Act) purposes\n7. Broader implementation efforts:\n   - Updates to supervision and examination processes\n   - Enhanced feedback loops\n   - Additional AML Act reviews\n8. Note that these changes are separate from the Corporate Transparency Act implementation\n9. Podcast sponsored by Credit Union Exam Solutions Inc.\n10. Presenter: Samantha Shares\n11. Additional resource mentioned: \"With Flying Colors\" podcast for NCUA success tips\n12. Contact for assistance: Mark Treichel (LinkedIn or marktreichel.com)\nThese 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}