Alert – Volume 19 of The Bankers’ Bulletin
To our clients and friends:
Today we published Volume 19 of The Bankers’ Bulletin, providing our insights into key banking industry developments from June 2025, including:
Read More...Client Alert – FDIC OCC NCUA Issue Exemption Order to CIP Rule Requirements
To our clients and friends:
On June 27, 2025, the FDIC, the OCC, and the NCUA issued an order (the “Order”) exempting their supervised institutions from the Customer Identification Program Rule’s requirement to obtain taxpayer identification numbers directly from customers at account opening, permitting them to instead obtain this information from a third-party source. The Order is a significant step forward in modernizing the Bank Secrecy Act and FinCEN’s anti-money laundering regulations. Our Alert covering the Order and key takeaways is available here.
Luse Gorman regularly advises financial institutions regarding compliance with the Bank Secrecy Act, USA PATRIOT Act, Anti-Money Laundering Act of 2020, and FinCEN’s anti-money laundering regulations. If you have any questions about this Alert, please contact the authors. To learn more about our firm and services, please visit our website.
Read More...Alert – Volume 18 of the Bankers’ Bulletin
Today we published Volume 18 of The Bankers’ Bulletin, providing our insights into key banking industry developments from May 2025, including:
Read More...Alert – OCC Adopts Interim Final Rule on Bank M&A
Read More...Alert – Volume 17 of the Bankers’ Bulletin
To our clients and friends:
Today we published Volume 17 of The Bankers’ Bulletin, providing our insights into key banking industry developments from April 2025, including: