Banks Blast Fincen Anti-Money Laundering Plan
Also, Gruenberg previews upcoming rules; Trump on banks -- and nukes
Nearly four years ago, when lawmakers passed the biggest overhaul of anti-money laundering requirements in half a century, banks hailed it as a win-win: a way to squeeze more dirty dollars out of the financial system while also cutting their huge compliance costs. Today, as the Treasury Department works to implement the policy changes, it’s a different …