This edition of Compliance Insights
(1) CFPB Proposes Further Changes to Prepaid Rule
: The new requirements are intended to improve account disclosures and to extend certain error resolution rights, liability limitations and overdraft protection requirements to prepaid financial products.
(2) The Next Frontier in AML Compliance Programs – Artificial Intelligence
: Terrorist organizations use sophisticated technology to launder money and have sometimes beaten the innovation of anti-money laundering compliance programs of some of the largest global financial institutions.