Regulatory Alerts2009-07-21
Added
Anti-Money Laundering Program and Suspicious Activity Report Requirements for Non-Bank Residential Mortgage Lenders and Originators
The Financial Crimes Enforcement Network issues an advance notice of proposed rulemaking to solicit public comment on applying anti-money laundering program and suspicious activity report regulations to non-bank residential mortgage lenders and originators. The notice seeks input on defining the affected entities, assessing money laundering risks, structuring compliance programs, and determining whether exemptions should apply. Written comments must be received on or before August 20, 2009.