Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Anti-Money Laundering and Countering the Financing of Terrorism Programs
The Federal Reserve is proposing a new rule that will require banks under its supervision to create and maintain strong programs to prevent money laundering and the financing of terrorism. This rule aims to help banks identify and reduce risks related to illegal financial activities. It also aligns ...
Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance Risk Management
The Office of the Comptroller of the Currency (OCC) is planning to introduce new rules for companies that issue stablecoins, which are a type of digital currency. These rules will ensure that these companies follow important laws to prevent money laundering and comply with sanctions. This change aff...
Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements
The Department of the Treasury is introducing new rules for companies that issue permitted payment stablecoins. These companies will now be treated like banks under anti-money laundering laws, meaning they must follow strict rules to prevent money laundering and terrorism financing. They will also n...
Anti-Money Laundering and Countering the Financing of Terrorism Programs
The OCC, FDIC, and NCUA are proposing new rules that will require banks to create strong programs to prevent money laundering and terrorism financing. These programs must be effective in identifying and reducing risks related to illegal financial activities. This change aligns with updates from FinC...
Anti-Money Laundering and Countering the Financing of Terrorism Programs
The Department of the Treasury and FinCEN are updating rules for anti-money laundering and countering the financing of terrorism programs that affect financial institutions. The new rules aim to improve how these institutions manage their programs to better support law enforcement and national secur...