FATF Discusses De-Risking at FATF Plenary (10/24/14) FATF reminds financial institutions to use a risk-based approach rather than de-risking, a process where banks cut off businesses with customers to avoid, rather than mitigate AML/CFT risks. ABA and ABA's subsidiary, BAFT are long-time advocates of a risk-based approach to implement effective AML/CFT controls. ABA's October 2013 letter to BASEL reiterates our support of FATF's endorsement of a risk-based approach, but note that the burden should not shift to banks in a way that precludes the bank from making its own judgment about its tolerance for risk.

CFPB Proposes Language Access Plan (10/24/14) The Consumer Financial Protection Bureau on October 23 proposed a "Language Access Plan" as part of the Bureau's commitment to providing services in languages other than English.


 Compliance Due Dates


 ABA Products


 Compliance Resources



​Join an online discussion group with compliance colleagues

Discuss the latest regulations and how to handle compliance.
Join Now