By Lananh Nguyen, Tatiana Bautzer and Pete Schroder
U.S. BANKING giants are pushing to ease a requirement whereby all cash transactions above $10,000 must be reported to the government.
Bank bosses want to cut reporting requirements on some transactions, limit regulators’ enforcement powers, speed up deal approvals and overhaul capital rules, industry executives have said.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
