Money Laundering Issues Group

Any ABA member with an interest in money laundering issues may be a member of ABA's Money Laundering Issues Group (MLIG). The group, which is divided into community banks and large banks, offers a forum for compliance professionals to learn about new statutory and regulatory initiatives and recent enforcement actions, share common AML/CFT concerns, and seek input from their peers on compliance challenges with anti-money laundering, terrorist financing and sanctions programs. While the discussions use common agendas each month, there are two groups to facilitate discussion and to give ample time to focus on specific issues that may interest one group more than another.

Meeting agendas are suggested by members and staff from the Regulatory Compliance and Policy group. The call agenda and a reminder are sent shortly before each call and recommendations from ABA members for agenda items are strongly encouraged. Participation on the monthly MLIG calls also provides interested members with opportunities to support comment letter preparation and other advocacy efforts or identify issues to be raised to the attention of regulatory authorities.

Calls with the community bank group are held on the third Tuesdays of the month at 3:00 pm ET. Calls with the large bank group are held on the third Thursdays of the month at 3:00 pm ET.

When requesting to join, please include which group you would like to join (community bank or large bank).

Staff Contact: Heather Trew
To Join, contact: Grace Massey

ABA Antitrust Policy Reminder: It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that go to pricing or controlling markets. Care should be exercised by both ABA staff and bankers, as antitrust liability is often established through circumstantial evidence. Please be conscious of the ABA antitrust policy and assist us in maintaining good corporate governance practices.

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