In a move that the Financial Crimes Enforcement Network said would help combat money laundering in real estate, the federal agency plans to expand the Bank Secrecy Act to require information about the individuals behind all-cash real estate transactions.
The Office of the Comptroller of the Currency has terminated a 2015 consent order related to the Wells Fargo’s Bank Secrecy Act/Anti-Money Laundering compliance program, Wells Fargo & Company said in a statement.
The Connecticut Bankers Association this month will honor its 2020 New Leaders in Banking, and Karin O’Brien, Newtown Savings Bank’s fraud and BSA officer, will be among the honorees.
