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FinCEN Issues PPP Lender Guidance | Ballard Spahr LLP

To embed, copy and paste the code into your website or blog: With the third round of lending through the Paycheck Protection Program (“PPP”) in full swing, the Small Business Administration (“SBA”) – administrator of the PPP – has developed new guidance in consultation with the United States Department of the Treasury (“Treasury”).  The February 1, 2021 FAQs specifically address how lenders can meet some of their Bank Secrecy Act (“BSA”) obligations when issuing PPP loans. As we previously blogged, the PPP, with its combination of size, scope and the limited time-frame for lenders to process and disburse loans pursuant to it, has created numerous compliance challenges for PPP lenders and presented significant enforcement risks, including future false claims act liability, compliance enforcement, state attorneys’ general investigations and private litigation.  At the root of those challenges and concerns is the question of how lenders can meet their anti-

U S Treasury Department Holds Financial Sector Innovation Policy Roundtable - Public-Private Forum Focused On Technology Solutions To Protect The Integrity Of The U S Financial System

Date 11/02/2021 The United States Department of the Treasury hosted its inaugural U.S. Financial Sector Innovation Policy Roundtable on February 9 and 10. The Roundtable brought together policymakers and regulators with experts from the private sector to exchange views for collaborating on policy issues and innovative technologies that support global financial integrity, while fostering economic recovery, competitiveness, and financial inclusion.   At the event, participants focused on how innovations like interoperable, privacy-preserving digital identity solutions, and more effective anti-money laundering and anti-fraud mechanisms, can provide value to financial services companies and their customers by eliminating redundancies, reducing costs, combating illicit use, and promoting financial inclusion in an increasingly digital world. Participants also addressed policy and regulatory approaches to promote responsible innovation in the financial sector, as well as the role

Penguins exec Acklin expects Census Bureau shift of arena site from downtown to Lower Hill could bring Opportunity Zone investment

Penguins exec Acklin expects Census Bureau shift of arena site from downtown to Lower Hill could bring Opportunity Zone investment
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

바이든도 거센 압박 시진핑이 만지작거리는 카드

바이든도 거센 압박 시진핑이 만지작거리는 카드
ohmynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ohmynews.com Daily Mail and Mail on Sunday newspapers.

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