SAN ANTONIO – Thirty states and Puerto Rico with representatives attending the Conference of State Bank Supervisors' annual meeting recently in San Antonio, signed information sharing agreements with the Financial Crimes Enforcement Network that provides a framework for enhanced collaboration and information sharing between federal and state agencies in meeting the objectives of the Bank Secrecy Act. New York was the first state to sign the agreement in April. The other states that have signed the agreement as of June 1 were: Arkansas, Arizona, California, Connecticut, Delaware, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Missouri, Nebraska, Michigan, Montana, North Carolina, Nevada, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia and Wyoming. FinCEN Director William Fox said the agreements "will go a long way toward enhancing our oversight and administration of the Bank Secrecy Act." CSBS said its goal is to obtain signatures from all 50 states.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.