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OCC Issues Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds, Eases Impact of COVID-19
August 4, 2020 / Source: OCC
News Release 2020-100 | August 4, 2020 OCC Issues Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds, Eases Impact of COVID-19 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued an interim final rule clarifying rules regarding account withdrawals from collective investment funds (CIF). The rule amends the OCC's requirements applicable to national…
Boulder Man Pleads Guilty To Nearly $32 Million Bank Fraud Scheme
August 3, 2020 / Source: FDIC OIG
PRESS RELEASE FOR IMMEDIATE RELEASE Friday, July 31, 2020 Boulder Man Pleads Guilty To Nearly $32 Million Bank Fraud Scheme Michael Scott Leslie engaged in identity theft to obtain funds for fraudulent mortgages DENVER – United States Attorney Jason R. Dunn announced today that Michael Scott Leslie, age 57, of Boulder, Colorado, pleaded guilty to…
Frequently Asked Questions Regarding Customer Due Diligence (CDD) Requirements for Covered Financial Institutions.
August 3, 2020 / Source: FinCEN
Frequently Asked Questions Regarding Customer Due Diligence (CDD) Requirements for Covered Financial Institutions. The Financial Crimes Enforcement Network (FinCEN), in consultation with the federal functional regulators, today issued responses to three frequently asked questions (FAQs) regarding customer due diligence (CDD) requirements for covered financial institutions. The FAQs clarify the regulatory requirements related to obtaining customer…