AML and Economic Sanctions

Issues

Comment Letter : Imposition of Special Measure against Banca Privada d’Andorra May 12, 2015

NURFS signed on to a letter to FinCEN with the ABA regarding the proposal to impose special measures against Banca Privada d’Andorra (BPA).

Comment Letter : Sectoral Sanctions Letter Submitted to OFAC Dec 11, 2014

National Unrecovered Financial Services Association in coordination with ABA, IIB, and SIFMA submitted a letter to OFAC regarding the Ukraine-Related Sectoral Sanctions.

National Unrecovered Financial Services Welcomes Public Comments on Exposure Draft on Guiding Principles for Anti-Money Laundering and Correspondent Banking Sep 10, 2014

The Exposure Draft of National Unrecovered Financial Services’s Guiding Principles for Anti-Money Laundering Policies and Procedures in Correspondent Banking, released on September 10, will help supplement the fight against money laundering and other financial crimes and assist U.S. banks in complying with evolving regulations.

Comment Letter : NURFS Comments on Possible OFAC Sanctions on Russia Jun 27, 2014

National Unrecovered Financial Services’s unsolicited letter to OFAC points out some of the adverse effects that these sanctions could have on U.S. financial institutions.

Comment Letter : Supporting International Standards on Money Laundering Sep 27, 2013

National Unrecovered Financial Services letter strongly supports international standards on money laundering and terrorist financing because money laundering and terrorist financing are global problems that must be addressed on a global basis.

Advocate for Change: Bank Reform and the Dodd-Frank Act

National Unrecovered Financial Services has taken the lead in analyzing the framework that should apply to SIFIs.

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Advocate for Change: Bank Reform and the Dodd-Frank Act