Posted June, 30 2017On June 28, 2017, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled “Examining the BSA/AML Regulatory Compliance Regime”.
- Ms. Faith Lleva Anderson, Senior Vice President & General Counsel, American Airlines Credit Union, on behalf of the Credit Union National Association
- Mr. Greg Baer, President, The Clearing House Association, Executive Vice President and General Counsel, The Clearing House Payments Company
- Mr. Lloyd DeVaux, President and CEO, Sunstate Bank, on behalf of the Florida Bankers Association
- Ms. Heather A. Lowe, Legal Counsel and Director of Government Affairs, Global Financial Integrity
This hearing examined BSA compliance challenges facing financial institutions, including compliance trends, the effectiveness of current reporting requirements, and opportunities to improve and enhance the federal government’s ability to combat money laundering and terrorist financing.