USPS OIG Report: FY 2017 Bank Secrecy Act Program

Objective To combat money laundering in the U.S., Congress enacted a series of laws, collectively referred to as the Bank Secrecy Act (BSA), requiring financial institutions, including money services businesses (MSB), to deter and detect potential money laundering, and report suspicious activities to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network. Under the…

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USPS: Financial results for fiscal 2017’s third quarter announced

The Postal Service has reported its financial results for fiscal 2017’s third quarter (April 1-June 30, 2017). Here are some highlights: • Total revenue. The organization’s total third-quarter revenue was $16.7 billion. This is essentially unchanged from the same period last year, excluding the effect of a $1.1 billion non-cash change in accounting estimate recognized…

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USPS Third Quarter Financial Call on August 10

Washington, DC, Aug. 03, 2017 (GLOBE NEWSWIRE) What: Media Call on U.S. Postal Service FY 2017 Quarter 3 Financial Results Who: Postmaster General and CEO Megan J. Brennan, FO and Executive Vice President Joseph Corbett When: Thursday, August 10, 2017 – 10:00 a.m. ET Background: Postmaster General & CEO Megan Brennan and Chief Financial Officer…

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