Bank Execs Need More BSA Accountability, Regulator Says

Law360, Washington (March 17, 2014, 2:49 PM EDT) -- Many U.S. financial institutions are doing well in their efforts to comply with the Bank Secrecy Act and other anti-money laundering laws, but structural compliance flaws remain at some banks and their senior management should be held more accountable, a top banking regulator said Monday.

In remarks prepared for a speech before industry group the Association of Certified Anti-Money Laundering Specialists, Comptroller of the Currency Thomas Curry said that while the vast majority of banks were doing well in combating money laundering, a minority still lack...
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