Correspondent account due diligence, nested relationship risk, respondent bank oversight, intra-group relationship governance, and Section 311 special measure obligations.
On 13 October 2026, the U.S. Treasury announced parallel actions against Bank of America that together exceeded $1.21 billion, making the matter one of the largest combined AML and sanctions enforcement outcomes in recent years. FinCEN assessed a $1.2 billion civil penalty, with $750 million credited against the OCC’s separate penalty, while the OCC imposed … Read more
KYCsphere is an AI-powered AML & KYC Compliance Platform that unifies the entire compliance lifecycle — from customer onboarding to regulatory reporting — in one platform. Trusted by banks, fintechs, and regulated businesses, KYCsphere consistently passes audits by financial institutions, correspondent banks, external auditors, central banks, and global regulatory bodies.
©2026 Divas Software. All rights reserved