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.”

Click here to read the full article on Moneylaundering.com.