Jim Vivenzio Quoted in Moneylaundering.com—US AML Enforcement Rebounded in 2022, Though Penalties Dropped
Jim Vivenzio was quoted in "U.S. AML Enforcement Rebounded in 2022, Though Penalties Dropped," an article in Moneylaundering.com, regarding AML-related regulatory from the Office of the Comptroller of the Currency, Financial Crimes Enforcement Network, Federal Deposit Insurance Corp. and Federal Reserve.
"This is one of the few BSA/AML enforcement actions taken by the OCC that specifically addresses third-party risk management," said James Vivenzio, the regulator's former director of AML policy. "As bank reliance on third-party fintech relationships continues to expand and develop, this is going to be a trend going forward."
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