The Financial Crimes Enforcement Network (FinCEN) recently updated its March 16 guidance instructing financial institutions with how to comply with Bank Secrecy Act (BSA) obligations during the coronavirus pandemic.
The new notice addresses how depository institutions and federally insured credit unions should handle the Coronavirus Aid, Relief, and Economic Security Act’s Paycheck Protection Program loans, among other issues.
Read on for details from FinCEN’s latest BSA guidance.
TO READ THE FULL STORY
Cover Story: