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July 2021 Compliance Monthly Newsletter- Accume Partners

Read Accume Partners Compliance Monthly Newsletter for July 2021 here.

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July 2021 Compliance Monthly Newsletter- Accume Partners

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  1. AccumePartnersComplianceMonthly Newsletter- July2021 July•31•2021

  2. INDEX 1.GettingYourAML/CFTPrioritiesAligned 2. FocusoftheMonth 3.RegulatorRoundup 4.FinalizedRules 5.ProposedRules 6.OtherComplianceNews 7.AMLNews 8.RecommendedActionstoTake

  3. GettingYourAML/CFTPrioritiesAligned OnJune30, 2021, thejointagenciespublisheditsfirstlistof nationalAML/CFTPrioritiesassetforthbytheAnti-Money LaunderingActof2020 (the “AMLAct”) whichrequiresthe SecretaryoftheTreasury, inconsultationwiththeAttorney General, Federalfunctionalregulators, relevantStatefinancial regulators, andrelevantnationalsecurityagencies, toestablish andmakepublicprioritiesforanti-moneylaunderingand countering the financing of Priorities). terrorism policy (AML/CFT Toassistthebankingindustry, thefederalbankingagencies (FBAs) issuedastatementtoclarifythesepriorities. The statementdoesnotcreateanimmediatechangetoBank SecrecyAct (BSA) requirementsorsupervisoryexpectationsfor financialinstitutions. TheAMLActrequiresthat, within180 daysoftheestablishmentoftheAML/CFTPriorities, FinCEN mustpromulgateregulationsregardingtheAML/CFTPriorities. ReadhereAccumePartnersComplianceMonthlyNewsletter- July 2021: https://www.accumepartners.com/wp- content/uploads/2021/07/Compliance-Monthly_-July-2021-June- 2021.pdf

  4. ContactUs NewJersey 30MontgomerySt Suite670 JerseyCity, NJ07302 1-888-696-1515 info@accumepartners.com

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