Friday, June 22, 2007

U.S. to ease small bank money laundering oversight

(Reuters) - WASHINGTON, June 22 - U.S. authorities said on Friday they are adopting a risk-based approach to policing banks' compliance with money laundering regulations, a step giving some relief to small banks with little or no international business.



U.S. small community banks have complained for years that costly regulatory examinations should differ from those at big banks.


Read more at Reuters.com Government Filings News

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