The Cayman Islands Monetary Authority has revised its list of entities that provide a Cayman Islands mailing address, but are neither registered nor licensed to conduct business activities regulated by the Cayman Islands Monetary Authority.
This draft version of a supplement to the 2005 online authentication guidance issued by the FFIEC aims to reinforce the need for a risk management framework and update the FFIEC agencies' expectations in 2010, as they relate to customer authentication, layered security and/or other controls in the increasingly hostile...
Data collected and summarized in "Insights from the FDIC's Credit and Consumer Products/Services Survey" show that institutions are implementing a number of operational changes, including tightening underwriting standards and making use of third-party providers to offer new and innovative products.
The FDIC recognizes the serious impact of the recent severe storms on the customers and operations of financial institutions in Vermont and will provide regulatory assistance to institutions subject to its supervision. These initiatives will provide regulatory relief and facilitate recovery.
The Financial Crimes Enforcement Network has announced an assessment of a $12,000 civil money penalty against Baltic Financial Services Inc. of Montclair, N.J., for non-compliance with Bank Secrecy Act registration requirements applicable to money transmitters.
The Board of Directors of the Federal Deposit Insurance Corp. today approved an interagency proposed rulemaking to implement certain provisions of Section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.