Anti-Money Laundering Regs Remain

Fest, Glen
October 2007
Bank Technology News;Oct2007, Vol. 20 Issue 10, p1
Trade Publication
The article reports on the criticisms to the third edition of the Federal Financial Institutions Examination Council (FFIEC) examination manual in the U.S. It states that critics noted the lack of specifics about how and for who institutions should conduct enhanced due diligence. Al Avila, an attorney and former general counsel with the Florida International Bankers Association, states that the edition does not really gives guidance on the restrictions to the activities of banks.


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