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WASHINGTON—The Federal Reserve will host a virtual town hall today on the FedNow Service.

DUBLIN, Ireland—Three quarters of financial services firms in Ireland conduct anti-money laundering (AML) risk assessments entirely manually, while three in five firms outsource some or all of these activities to lower cost locations such as India or South America, according to a new report.

WASHINGTON—An initial analysis of the community development financial institution (CDFI) certification application has been published by CUNA.

BALTIMORE—Credit unions should brace for almost a month of major problems if they’re victimized by a ransomware attack, according to one cybersecurity expert, whose insights into the “anatomy” of a ransomware attack are coming at the same time nearly 60 CUs are currently trying to restore their own operations.

WASHINGTON–As expected, the Federal Reserve’s Open Market Committee has adjourned after two days of meetings and opted to leave rates untouched.

WASHINGTON—Treasury said its Financial Crimes Enforcement Network (FinCEN) unit is planning to propose a long-awaited rule aimed at curbing money laundering in real estate in early 2024.

WASHINGTON—Massachusetts Senator Elizabeth Warren (D) announced that five more senators have agreed to cosponsor a bill she is championing on money laundering.