Banker's Toolbox solidifies its position as the premier solution for fast-growing financial institutions with the release of BAM+ 4.0 upgrade.
Banker's Toolbox continues to lead the BSA/AML and Fraud prevention marketplace with the release of BAM+ 4.0. This solution provides increased detection with more versatility, transparency and control. BAM+ 4.0 also boasts a new customer due diligence platform, Due Diligence Manager, which will keep institutions compliant with the impending beneficial ownership mandates. (Read full press release here.)
Justice Department reverses marijuana enforcement policy
The Department of Justice announced yesterday that it has issued a memo on federal marijuana enforcement policy announcing a return to the rule of law and the rescission of previous guidance documents. Justice's press release said that, since the passage of the Controlled Substances Act (CSA) in 1970, Congress has generally prohibited the cultivation, distribution, and possession of marijuana. In the memorandum, Attorney General Jeff Sessions directs all U.S. Attorneys to enforce the laws enacted by Congress and to follow well-established principles when pursuing prosecutions related to marijuana activities. The memo to United States Attorneys includes a list of five previous guidance documents being rescinded, including "Cole #2," issued on February 14, 2014, to all U.S. Attorneys, "Guidance Regarding Marijuana Related Financial Crimes."