Premier Banking Law News and Insights

AML/CTF, Sanctions and Insider Trading FFIEC Publishes Customer Due Diligence and Beneficial Ownership Overviews and Examination Procedures On May 11, 2018, the U.S. Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation published the customer due diligence and beneficial...

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FDIC Vice Chair Thomas Hoenig will leave the agency on April 30, 2018. Mr. Hoenig has been with the FDIC since April 2012, serving a full six-year term. Before his time with the FDIC, he was President of the Federal Reserve Bank of Kansas City and was a member of the Federal...

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To create long-term viable businesses, investment firms must provide products that serve clients' needs. In the majority of cases, even when dealing with a professional client, the ultimate beneficiary of these products is a retail investor. It is therefore incumbent on investment firms to ensure they are providing suitable products....

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